Trent Ltd.

Credit rating agency, Credit Analysis & Research (CARE) has reaffirmed the credit ratings for Trent’s Non-Convertible Debentures (NCDs), Long-Term Bank Facilities and Short Term Bank Facilities. The agency has reaffirmed ‘AA’ rating to Long-Term Bank Facilities amounting Rs 65 crore of the company while the Short-Term Bank Facilities amounting Rs 18 crore has been reaffirmed to ‘A1+’. The credit rating agency has also reaffirmed ‘AA’ rating assigned to NCD issue of the company aggregating to Rs 225 crore.

The instruments with ‘AA’ rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk while the instruments with ‘A1+’ rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

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.