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Fitch revises positive outlook on Future Retail Ltd, affirms rating at 'C'


Fitch Ratings has affirmed Future Retail Ltd s (FRL s) issuer default rating at C and the rating on its $ 500 million 5.6 per cent senior secured notes due 2025 at C while revising the recovery rating to RR5 from RR4 .
Fitch has also removed the rating watch positive, which had been placed on both ratings on September 2 last year after FRL s announcement it was selling its business to Reliance Retail and Fashion Lifestyle Ltd (RRFLL), an indirect subsidiary of Reliance Industries.
The removal of rating watch positive underscores significant delay in completing the sale, contrary to our previous expectations, after a legal challenge to the deal by an entity controlled by Amazon.com Inc which indirectly holds 4.8 per cent of FRL, said Fitch. ....

Fashion Lifestyle Ltd , Fitch Ratings , Retail Ltd , Reliance Industries , Future Retail Ltd , Reliance Retail , Future Group , Reserve Bank , Fitch Rating , Future Retail , Fitch Outlook , Fitch Ratings , ஃபேஷன் வாழ்க்கை லிமிடெட் , ஃபிட்ச் ரேடிஂக்ஸ் , சில்லறை லிமிடெட் , நம்பகத்தன்மை தொழில்கள் , எதிர்கால சில்லறை லிமிடெட் , நம்பகத்தன்மை சில்லறை , எதிர்கால குழு , இருப்பு வங்கி ,

Fitch removes positive outlook on Future Retail


Fitch removes positive outlook on Future Retail
Fitch Ratings
Fitch Ratings has affirmed Future Retail Ltd s (FRL s) issuer default rating at C and the rating on its USD500 million 5.6 per cent senior secured notes due 2025 at C while revising the recovery rating to RR5 from RR4 .
Fitch has also removed the rating watch positive, which had been placed on both ratings on September 2 last year after FRL s announcement it was selling its business to Reliance Retail and Fashion Lifestyle Ltd (RRFLL), an indirect subsidiary of Reliance Industries.
The removal of rating watch positive underscores significant delay in completing the sale, contrary to our previous expectations, after a legal challenge to the deal by an entity controlled by Amazon.com Inc which indirectly holds 4.8 per cent of FRL, said Fitch. ....

Fashion Lifestyle Ltd , Fitch Ratings , Retail Ltd , Reliance Industries , Future Retail Ltd , Reliance Retail , Future Group , Reserve Bank , ஃபேஷன் வாழ்க்கை லிமிடெட் , ஃபிட்ச் ரேடிஂக்ஸ் , சில்லறை லிமிடெட் , நம்பகத்தன்மை தொழில்கள் , எதிர்கால சில்லறை லிமிடெட் , நம்பகத்தன்மை சில்லறை , எதிர்கால குழு , இருப்பு வங்கி ,