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Eros International Rating Lowered By S&P Global

Eros International Rating Lowered By S&P Global

Monday, March 13, 2017, 9:33 PM

S&P Global has lowered the rating of Eros International to 'B-' and placed the same on 'credit watch negative' owing to high refinancing risks. "Lowered to 'B-' from 'B+' its long-term corporate credit rating on Indian film production and distribution company Eros International. We also lowered our issue rating on Eros' proposed notes to 'B-' from 'B+'," S&P Global Ratings said in a statement.
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