Eros International Media has informed that ICRA has revised the Credit Rating for Rs 750 crore for Non-Convertible Debentures (NCD) of the Company to [ICRA] A+ (negative outlook) from [ICRA] AA- (stable outlook). Rating Definition-Such instruments with [ICRA] 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. Further, the Company has not issued any Non Convertible Debentures (NCD) till date.
The above information is a part of company’s filings submitted to BSE.
