Shopper’S Stop Limited has informed the Exchange that "Crisil Limited has downgraded the rating of Rs.500 million Short Term Debt programme to "P1" from "P1+". The revised rating indicates that the degree of safety with regard to timely payment of interest and principal on the instrument is very strong. Further, Crisil Limited has downgraded the rating of Rs.500 million Non Convertible Debenture Programme to "A/Negative" from "A+/Stable". The revised rating indicates adequate degree of safety with regard to timely payment of interest and principal on the instrument".
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