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Future Retail receives revision in credit rating for USD denominated Notes

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Capital Market
Future Retail has received credit rating of 'C' with Recovery Rating of 'RR5' from Fitch Ratings for USD denominated Notes (listed on SGX) due to implementation of a One-time Restructuring plan (OTR) by the Company under the resolution framework for COVID-related stress provided by the Reserve Bank of India.

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First Published: May 03 2021 | 11:31 AM IST

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