Cox & Kings drops on rating downgrades

Cox & Kings drops on rating downgrades

by admin- Thursday, June 27th, 2019 03:55:49 PM

Shares of Cox & Kings declined by one zero five to Rs. 40.50, after Brickwork Ratings downgraded the rating of the corporation’s NCDs of Rs. 50 crore.

Brickwork Ratings India Pvt Ltd has downgraded its rating at the agency’s Rs. 50 crore non-convertible debentures trouble (NCDs) from BWR AA to BWR AA- with Stable outlook.

Meanwhile, it has retained its score on the commercial paper of the organization as BWR A1+.

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