Credit rating agency, CARE has assigned ‘A-’ rating to Future Consumer Enterprise’s (FCEL’s) long-term bank facilities. This rating is applicable to facilities having tenure of more than one year. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations.
The rating agency has also assigned ‘A1’ rating to company’s short-term bank facilities. This rating is applicable to facilities having a tenure upto one year. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations.
Future Consumer Enterprise is the alternate investment arm of Future Group, India's largest retailer. The Future Group is a business group, led by Kishore Biyani, focusing on consumption-led businesses in India and is also one of India’s leading organized multi-format retailers.
