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CRISIL assigns ‘A1’ rating to Shoppers Stop’s CP programme

11 Oct 2013 Evaluate

CRISIL has assigned ‘A1’ rating to Shoppers Stop’s Commercial Paper programme worth Rs 50 crore. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.

Peers
Company Name CMP
Avenue Supermarts 3166.00
Trent 2715.85
Vishal Mega Mart 87.00
PN Gadgil Jewellers 571.95
Aditya Birla Life 70.53
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