Credit rating agency ICRA has reaffirmed the rating for Rs 40 crore of Bata India’s Commercial Paper (CP) Programme to ‘A1+’.This is the highest credit quality rating assigned by ICRA to short-term debt instruments.
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.
