CARE downgrades ratings for bank facilities of Future Consumer

Future Consumer announced that CARE Ratings has revised the credit rating on 06 October 2020 for the bank facilities of the company as follows:

Long term bank facilities non-fund based CC (Rs 266 crore) - CARE D (revised from CARE C)

Short term bank facilities fund based (Rs 70 crore) - CARE D (revised from CARE A4)

Short term bank facilities non-fund based (Rs 25 crore) - CARE D (revised from CARE A4)

Long / short term bank facilities fund based (Rs 109 crore) - CARE D / CARE D (revised from CARE C/ CARE A4)

Long term bank facilities term loan (Rs 45.50 crore) - CARE D (revised from CARE C)

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