CARE reaffirms rating of Provogue India’s bank facilities

11 Apr 2013

Credit rating agency, CARE has reaffirmed BBB+ rating to Provogue (India’s) long-term bank facilities worth Rs 233.88 crore. The rating agency has also reaffirmed A3+ rating to the company’s short-term bank facilities worth Rs 35.50 crore.

The company has received the said rating reaffirmation on the back of its experience of the management and promoters in the field of retail and trading operations. Furthermore, the ratings factor in the company’s widespread and increasing presence in the retail segment.

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.

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