Credit rating agency ICRA has upgraded the rating for Rs 56 crore bank limit of Bata India’s Fund Based/Non-Fund Based facilities from ‘AA’ to ‘AA+’. The outlook on the assigned rating has also been revised from ‘Positive’ to ‘Stable’.
Bata India is the largest retailer and leading manufacturer of footwear in India and is a part of the Bata Shoe Organization. The company manufactures footwear for men, women and children. The company manufactures shoes of various quality such as leather, rubber, canvas and PVC shoes.
