Cox & Kings India has informed that Credit Analysis & Research Ltd ('CARE'), the Rating Agency, has reaffirmed and revised the long term bank facilities of the Company from existing Rs 1787 Crores to Rs 1760 Crores. The Rating has been reaffirmed as CARE AA (Double A). Instruments with this rating indicate high safety for timely servicing of debt obligations and carry very low credit risk. CARE has also reaffirmed Commercial Paper issue carved out of sanctioned working capital limit of the Company as well as on Stand Alone basis as CARE A1+ (A One Plus). Instruments with this rating indicate very strong capacity for timely payment of financial obligations and carry lowest credit risk.
The above information is a part of company’s filings submitted to BSE.
