TEXT-Fitch affirms Future Value Retail at 'Fitch A-(ind)'/stable

Newswire

(The following statement was released by the rating agency) Oct 31- Fitch Ratings has affirmed India-based Future Value Retail Limited's (FVRL) National Long-Term rating at 'Fitch A-(ind)'. The Outlook is Stable. Simultaneously, the agency has affirmed FVRL's INR5bn non-convertible debentures at 'Fitch A-(ind)'. The ratings benefit from FVRL's strong legal, operational and strategic linkages with its ultimate parent - Pantaloon Retail India Ltd ('Fitch A-(ind)'/Stable). The latter has ...

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