Future Lifestyle at 5% LC

Future Lifestyle Fashions had a volatile day today. Today also, almost like a habit of the past 10 days, the stock opened 5% higher, hitting the UC at Rs.163.90 but from there, it fell to its 5% LC of the day at Rs.148.30, where it now remains locked.

Rating agency, Crisil yesterday revised its rating and outlook for credit facilities. Long term bank facilities were downgraded to negative and so were the NCDs.

1. Long Term Bank Facilities CRISIL A+/Stable Rating revised from CRISIL AA- /Negative

2. Short Term Bank Facilities CRISIL A1 Rating revised from CRISIL A1+

3. Non-Convertible Debentures CRISIL A+/Stable Rating revised from CRISIL AA- /Negative

4. Commercial Papers CRISIL A1 Rating revised from CRISIL A1+