Cox & Kings gets revision in credit ratings from CARE

Cox & Kings has received revision in credit ratings from CARE as under -

Issuer rating - CARE C (Is) (Revised from CARE BB (Is); Stable)
Long term facilities (Rs 1760 crore) - CARE C (Revised from CARE BB; Stable)
Non convertible debentures (Rs 250 crore) - CARE D (Revised from CARE BB; Stable)
Commercial paper issue (Rs 375 crore)- CARE D (Reaffirmed)
Commercial paper issue (Rs 1685 crore) - CARE A4 (Reaffirmed)

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