Future Retail receives revision in rating for USD Denominated Notes

From S&P Global

Sep 16, 2020 01:09 IST capital market

Future Retail announced that S&P Global Inc has revised the credit ratings for the USD Denominated Notes (listed on SGX) from CCC-(prelim)/ watch Neg to CCC- with developing outlook. The agency remarked that the Reliance Groups acquisition of Future Retails assets through Scheme of Arrangement and matters connected therewith is positive for Future Group and Future Retails outstanding USD denominated Notes.

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