CARE enhances long term bank facilities of Shoppers Stop to Rs 742.67 crore

Credit rating agency, Credit Analysis & Research (CARE) has enhanced the limit for the long term bank facilities of Shoppers Stop from Rs 682.00 crore to Rs 742.67 crore and maintained the same rating of ‘A’. The credit rating of ‘A1’for the short term bank facilities amounting to Rs 21.50 crore also remains unchanged.

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.