Credit rating agency, Credit Analysis & Research (CARE) has assigned ‘A’ rating to long term facilities of Shoppers Stop. The credit rating agency has also assigned ‘A1’ rating to short term facilities of the company for an enhanced amount of Rs. 578.50 crore earlier from Rs. 461.50 crore.
Besides, the agency has assigned ‘A1’ rating for Commercial Paper Issue/ Short Term Debt Issue (Series I) aggregating to Rs 100 crore; ‘A1’ rating for Commercial Paper Issue / Short Term Debt Issue (Series II) aggregating to Rs 40 crore and ‘A’ rating for Non-Convertible Debenture issue amounting to Rs 100 crore.
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.
