Trent Ltd.

Trent is planning to raise Rs 100 crore through issue of Commercial Paper. The proceeds will primarily be used to refinance upcoming repayments.

Credit Analysis & Research assigned a credit rating of ‘A1+’ to the said instrument. Instruments with CARE A1 rating are considered to have very strong degree of safety regarding timely payment of financial obligations.

Trent is part of the Tata Group and is engaged in business of retailing. Trent acquired 76% stake in Landmark, one of the largest books and music retail chains in the India.