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CRISIL Ratings has downgraded INOX Leisure’s ratings on the bank facilities. The agency has downgraded long term bank facilities to ‘A+/Negative’ and short term facilities to ‘A1’ from ‘AA-/Negative’ and ‘A1+’, respectively. The rating action reflects CRISIL Ratings’ expectation of weakening of the company’s business risk profile over the medium term.

INOX Leisure is amongst India’s largest multiplex chains.

Peers
Company Name CMP
PVR Inox 1533.40
Saregama India 572.65
Shemaroo Entertain. 97.50
UFO Moviez India 62.65
Tips Music 773.85
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