Credit rating agency Credit Analysis & Research (CARE) has reaffirmed and enhanced the Commercial Paper issue carried out of sanctioned working capital limit of Cox & Kings from the existing Rs 750 crore to Rs 895 crore. The Rating has been reaffirmed as ‘A1+’. Instruments with this rating indicate very strong capacity for timely payment of financial obligations and carry lowest credit risk.
The rating agency has also reaffirmed and enhanced the long term bonk facilities of the company from existing Rs 874 crore to Rs 1019 crore. The Rating has been reaffirmed at ‘AA’. Instruments with this rating indicate high safety for timely servicing of debt obligations and carry very low credit risk.
Cox & Kings is the longest established travel company in the world since 1758. It operates across 4 continents and 25 countries. In India, Cox & Kings has 12 branch sales offices and 150 Franchisee located across the country.
| Company Name | CMP |
|---|---|
| IRCTC | 564.75 |
| Thomas Cook (India) | 110.94 |
| TBO Tek | 1291.85 |
| Transcorp Intl. | 28.03 |
| Le Travenues Techno | 179.05 |
| View more.. | |
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