KINGFISHER 2 LAST(BCM27)

The Kingfisher House has a built-up area of over 17,000 sq The Kingfisher House has a built-up area of over 17,000 sqft and is located in the plush Vile Parle area near thedomestic airport in the megapolis. Yesterday, rating agency Crisil revised its ratings on thebank loans of Kingfisher Airlines to ‘not meaningful’ from’Crisil D’ (default grade). "The rating revision is because KFAL’s creditors(including bankers) have filed winding up petitions againstthe company. Furthermore, it remains in deep financialdistress following the cessation of operations in fiscal 2013and complete erosion of networth," the agency said. Crisil had rated bank facilities, including long andshort term loans, working capital loans and cash limit worthRs 5,582 crore, given to the now defunct airline. PTI HV BENRSYABKJMF