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
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