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Cords Cable Industries Limited Audit Report / Information 2020

Feb 29, 2020

Audit Report / Information

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`Facilities`	`Rating`	`Remarks`		`RatingDefinition`
			`Thisrating`	`isapplicabletofacilitieshavingtenureof`
`Longterm`	`CAREBBB;Stable`	`Reaffirmed`	`morethan`	`oneyear.Instrumentswiththisratingare`
`BankFacilities`	`(TripleB;`		`considered`	`tohavemoderatedegreeofsafety`
	`Outlook:Stable)`		`regardingtimelyservicingoffinancialobligations.Suchinstrumentscarrymoderatecreditrisk.‘Stable’`
			`outlookindicatesexpectedstability(orretention)of`
			`the credit`	`ratingsinthemediumtermonaccountof`
			`stablecreditriskprofileoftheentityinthemedium`
			`term,`
			`Thisrating`	`isapplicabletofacilitieshavingtenureup`
`Shortterm`	`CAREA3`	`Reaffirmed`	`toone`	`year.Instrumentswiththisratingare`
`BankFacilities`	`(AThree)`		`considered`	`tohavemoderatedegreeofsafety`
			`regarding`	`timelypaymentoffinancialobligations.`

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