Cox & Kings informs about credit rating

Cox & Kings has informed that Credit Analysis & Research (CARE), the Rating Agency, has reaffirmed and enhanced the Commercial Paper issue carved out of sanctioned working capital limit of the Company from the existing Rs 895 Crores to Rs 920 Crores. The Rating has been reaffirmed 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. CARE has also reaffirmed and enhanced the long term bank facilities of the Company from existing Rs 1019 Crores to Rs 1044 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.

The above information is a part of company’s filings submitted to BSE.