The rating agency, Brickwork Ratings India has assigned ‘A1+’ rating to Cox & Kings’ Commercial Paper programme of Rs 1,772 crore. Instruments with this rating are considered to have very strong degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.
This rating is in addition to the existing ‘A1+’ rating assigned by Credit Analysis & Research (CARE) for the company’s Commercial Paper Programme of Rs 1,772 crore.
Cox and Kings is engaged in providing travel management solutions. Its services include destination management, outbound tourism, business travel, insurance and conference solutions. The firm also offers domestic holidays, trade fairs, foreign exchange and insurance.
