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Tuesday, 19 April 2011

Eros Intl - Credit Rating

Eros International Media Ltd has informed BSE that the Company has received Credit Analysis & Research (CARE) ratings as below:

For the proposed NCD issuances aggregating to Rs. 200 crore having tenure ranging between one to two years, the Company has received a CARE rating of 'CARE A+' [Single A Plus] signifying that the instrument carries low credit risk and offers adequate safety for timely servicing of debt obligations.

For the issue of commercial paper / short term debt up to Rs. 100 crore having maturity not exceeding one year, CARE has assigned a 'PR1+' (PR One Plus] rating which is highest rating for short term debt instrument, denoting that this instrument carries the lowest credit risk and strong capacity for timely payment of the short term debt obligations.

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