India covid-19 pandemic India

Crisil cuts PVR's long-term debt rating by a notch to AA- on covid concerns

Reading now: 357
www.livemint.com

₹300 crore (rights issue) and ₹800 crore (qualified institutional placement), respectively, which augmented liquidity. Cash and bank balance, stood at above ₹790 crore as on March 31, 2021, as it is adequate to cover operating costs and debt obligation for the next few months, CRISIL said.However, the rating agency believes the credit profile of multiplex operators, including PVR, may further weaken if the covid-19 pandemic worsens."Moreover, multiplex operators will have to initiate fresh negotiations with mall owners, given new restrictions to contain the pandemic.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA