Fitch Downgrades Future Retail’s Long-Term Rating To ‘C’ On Missed Coupon Payment
An employee packs goods into a plastic bag at a checkout counter of a Big Bazaar hypermarket, operated by Future Retail Ltd., in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Fitch Downgrades Future Retail’s Long-Term Rating To ‘C’ On Missed Coupon Payment

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Fitch Ratings downgraded Future Retail Ltd., the retail arm of Kishore Biyani-led Future Group, after it failed to pay interest on bonds worth $500 million.The ratings agency downgraded Future Reta...
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