Sunday, June 15, 2025 | 02:57 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Future Retail announces revision in credit ratings for proposed NCD and its withdrawal

Image

Capital Market
Future Retail announced that Brickwork Ratings India has revised the ratings for the proposed NCD from BWR A+ (under credit watch with negative implications) to BWR A (under credit watch with negative implications) and simultaneously withdrawn.

Revised rating due to weakening of the profitability and liquidity due to the lockdown being extended. Further, the rating was withdrawn at the request of the Company as the Company do not propose to raise the proposed NCD and not utilise rating.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 18 2020 | 10:29 AM IST

Explore News