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CARE reaffirms AA rating to Trent’s non convertible debentures
Date: 15-12-2011Credit rating agency, CARE has reaffirmed AA rating to Trent’s non convertible debentures amounting to Rs 100 crore, Rs 50 crore and Rs 75 crore issued on a private placement basis listed on National Stock Exchange of India.
It has also reaffirmed AA rating to company’s long term bank facilities of Rs 80.74 crore and A1+ rating for its short term facilities of Rs 18 crore.
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.