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CARE revises ratings of Future Lifestyle Fashions’ Bank Facilities

27 Nov 2013 Evaluate

Credit rating agency, CARE has revised ‘A+’ rating to Future Lifestyle Fashions’ Long-term Bank Facilities (Term loans) worth Rs 422.85 crore, Long-term Bank Facilities (Working Capital Facilities) worth Rs 700 crore and Non-Convertible Debentures worth Rs 450 crore from A

The rating agency has reaffirmed A1 rating to the company’s Short-term Bank Facilities (Non fund-based Limits) worth Rs 350 crore and Proposed Commercial Paper (carved out of working capital limits) worth Rs 150 crore.

The rating agency has also assigned A+ rating to the company’s Proposed Non-Convertible Debentures worth Rs 250 crore

The rating revision factors in the proceeds received through stake sale resulting in an improvement in solvency as well as liquidity position of the company. The rating continues to factor in the vast experience of the promoters (Future Group) in the retail industry; established pan-India presence of the profitable formats, comparatively higher operating margins on account of the fashion retail business and FLFL’s various investments in independent fashion brands.

Future Lifestyle Fashions has been formed through the demerger of the lifestyle fashion businesses of Future Retail (formerly Pantaloon Retail (India)) and Future Ventures India. It has a strong portfolio of owned and licensed brands and has established retail presence pan-India.

Future Lifestyle Share Price

1.63 -0.01 (-0.61%)
06-May-2026 16:59 View Price Chart
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