Credit rating agency, Credit Analysis & Research (CARE) has reaffirmed the rating as ‘A1+’ of Commercial Papers (CPs) and short term bank facilities of Cox & Kings. Instruments with this rating indicate very strong degree of safety regarding timely payment of financial obligations and carry lowest credit risk.
The rating agency has also reaffirmed the rating as ‘AA-‘ to the long term bank facilities and issue of Non-Convertible Debentures (NCDs) of the company. Instruments with this rating indicate high degree of 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.
