Credit rating agency, ICRA has revised the credit rating assigned for Rs 750 crore for Non-Convertible Debentures (NCD) of Eros International Media to ‘A+’ with negative outlook from ‘AA-‘ with stable outlook.
Such instruments with ‘A’ ratings are considered to have adequate degree of safety regarding timely servicing of financial obligations and carry low credit risk. Within this category, modifier ‘+’ reflects comparative standing within the category.
Eros International Media is a leading global company in the Indian film entertainment industry that acquires, co-produces and distributes Indian films across all available formats such as cinema, television and digital new media. Eros International is part of Eros International Plc, which became the first Indian media Company to raise capital and be listed on the New York Stock Exchange.
