Credit rating agency, CARE has revised ‘A-’ ratings of Provogue (India)’s long-term bank facilities worth Rs 217.42 crore to ‘BBB+’. The rating agency has also revised ‘A2’ rating of company’s Short term Bank Facilities worth Rs 35.50 crore to ‘A3+’.
The company has received the said rating on the back of its experienced management and the promoters in the field of retail and trading operations and a widespread presence.
Provogue (India) is engaged in retailing of apparels and accessories in men and women segment. Provogue fashions and accessories were available across 124 Provogue stores and 104 national chain store locations.
