Avenue Supermarts Limited has announced that Crisil Ratings Limited has assigned a credit rating of CRISIL AAA/Stable to its Non-Convertible Debentures worth ₹1,000 crores. This rating signifies the highest degree of safety regarding timely servicing of financial obligations, indicating lowest credit risk for investors. The rating reflects the company’s robust financial standing and outlook.
Crisil Assigns Top Credit Rating to Avenue Supermarts’ Debentures
Avenue Supermarts Limited has received a significant endorsement of its financial health from Crisil Ratings Limited. The rating agency has assigned an investment-grade rating of CRISIL AAA/Stable to the company’s Non-Convertible Debentures (NCDs) amounting to ₹1,000 crores.
Rating Significance
The CRISIL AAA/Stable rating is the highest possible rating assigned by Crisil, indicating that instruments with this rating are considered to have the highest degree of safety regarding the timely servicing of financial obligations. Consequently, these securities carry the lowest credit risk.
This rating reflects Crisil’s assessment of Avenue Supermarts’ strong financial position and its stable outlook for future performance. The assignment of this rating is in accordance with the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
A copy of the credit rating letter from Crisil Ratings Limited has been enclosed with this disclosure for the information and record of the stock exchanges.
Source: BSE
