 "Crisil reaffirms A1-plus rating on Rs 100 cr CP of Jubilant FoodWorks")
CRISIL has reaffirmed A1-plus rating on the Rs 100 crore commercial paper programme of food services major Jubilant FoodWorks which operates Domino's Pizza and Dunkin' Donuts chain in India.
The rating continues to reflect an established market position in the quick-service restaurant (QSR) segment, healthy operating efficiency driven by a robust supply-chain network and a strong financial risk profile, said CRISIL.
These rating strengths are partially offset by the weaker performance of the doughnuts division (Dunkin Donuts) and susceptibility of profitability to competitive intensity and cost pressures, it added.
