Don’t miss the latest developments in business and finance.

Shoppers Stop gets revision in ratings for commercial paper

Image
Capital Market
Last Updated : Sep 02 2017 | 12:09 AM IST

From CRISIL

Shoppers Stop announced that CRISIL has revised their rating on the Rs. 100 crore commercial paper of the Company from 'CRISIL A1' (pronounced as CRISIL A one rating) to 'CRISIL A2+' (pronounced as CRISIL A two plus rating). This downward rating provides for susceptibility of operating profitability due to economic downturn, demand volatility and financial exposure to subsidiaries.

Powered by Capital Market - Live News

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

More From This Section

First Published: Sep 01 2017 | 6:05 PM IST

Next Story