ICRA reaffirms rating for bank facilities of Cantabil Retail India

The credit rating agency has reaffirmed the long-term rating at ICRA BBB+ and short-term Rating at ICRA A2. The outlook on the long-term rating is Stable.

Jul 26, 2021 03:07 IST India Infoline News Service

ICRA Limited has reaffirmed the long-term rating at ICRA BBB+ and short-term Rating at ICRA A2 for Rs60cr bank facilities of Cantabil Retail India. The outlook on the long-term rating is Stable.

“Instruments with ICRA BBB+ rating indicate a moderate degree of safety regarding timely servicing of financial obligations. Such instruments carry moderate credit risk. Instruments with an ICRA A2 rating indicate a strong degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

Towards close of trade on Monday, Cantabil Retail India Ltd was trading at Rs415.05 per piece down by Rs0.4 or 0.1% from its previous closing of Rs415.45 per piece on the BSE.

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