Cords Cable Gets Reaffirmation of Rating from CARE

Cords Cable Industries Ltd. said Credit Analysis & Research Ltd. or CARE had reaffirmed ‘CARE BBB+’ (CARE Triple B Plus) rating to the Long Term Bank Facilities and ‘CARE A3+’ (A Three Plus) rating to the Short Term Bank facilities of the company.

CARE reaffirmed this rating after a review of recent developments, including operational and financialperformance of Cords Cable Industries during FY11 and Q1FY12.

 

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