CRISIL assigns A+/stable rating to PVR’s NCD programme

Credit rating agency, CRISIL has assigned A+/stable rating to PVR’s Non Convertible Debentures (NCD) programme worth Rs 230 crore. The rating on PVR existing NCD programme and Bank facilities has also been reaffirmed at ‘CRISIL A+/Stable’

The ratings continue to reflect the company’s strong market position and established brand in the film exhibition business, healthy operating efficiencies, and moderate financial risk profile, marked by moderate gearing and debt protection metrics.

PVR is engaged in the business of film exhibition. The company operates other business such as providing content, film distribution and Entertainment Park through its subsidiaries. Currently, the company has achieved the status of being India’s largest cinema chain.