Cords Cable Industries Ltd. sees credit ratings upgraded by CARE Ratings Ltd

Cords Cable Industries Ltd announced that CARE Ratings Ltd. has reviewed the credit ratings assigned to the company’s bank facilities, upgrading the long-term rating for facilities with tenure exceeding one year to CARE BBB+ with a ‘Stable’ outlook, and the short-term rating to CARE A3+; the long-term rating for facilities with tenure up to one year was also upgraded to CARE BBB. The rating actions reflect a stable credit risk profile, and complete definitions of the ratings are available on the CARE Ratings Ltd. website and in their publications; no other rating agencies were mentioned, and the instruments subject to these ratings are bank facilities.