CARE assigns ‘A1+’ rating to Future Retail's CP Issue

Credit rating agency, CARE has assigned ‘A1+’ rating to Future Retail's Commercial Paper Issue (CP Issue) worth Rs 200 crore. The rating of Future Retail (FRL) derives strength from the experienced promoters and management team and management focus on on-going divestments across non-core businesses. The rating also derives strength from FRL’s proven track record with a leading position in the organized retail business in India and pan-India presence across multiple formats.

Future Retail is the flagship company of the Future Group (one of India’s largest retailers) and is engaged mainly in home & electronics retailing and value retailing.