Eros -31.5% as Care slashes credit ratings [Seeking Alpha]
EROS INTL PLC (EROS)
Last eros intl plc earnings: 11/15 07:45 am
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Source: Seeking Alpha
Eros -31.5% as Care slashes credit ratings Eros International (NYSE: EROS slid 31.5% The agency lowered the ERos subsidiary's long-term bank facilities rating to D from BBB- alongside delays in debt servicing, noting that a slowdown in collection from debtors leads to cash flow issues. It also cut long-term cash credit bank facilities to D from BBB-, and cut short-term bank facilities to D from A3. In response The company adds that it will release fiscal year-end 2019 results on July 15 at 8:30 a.m. ET.
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