Shoppers Stop gets revision in credit ratings

From CARE

Shoppers Stop announced that CARE Ratings has revised the credit ratings as under -

Long term bank facilities (Rs 742.67 crore) - CARE AA-;Stable (Revised from CARE A; credit watch with developing implications)

Short term bank facilities (Rs 21.50 crore) - CARE A1+ (Revised from CARE A1; credit watch with developing implications)

Proposed commercial paper issue (Rs 100 crore) - CARE A1+ (Revised from CARE A1; credit watch with developing implications)

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