Moody's withdraws Eros International Plc's B2 rating
Rating Action: Moody's withdraws Eros International Plc's B2 rating. Global Credit Research- 26 Jun 2019. Singapore, June 26, 2019-- Moody's Investors Service has today withdrawn the B2 corporate family rating of Eros International Plc. At the time of withdrawal the outlook was negative.Eros International and its subsidiaries' principal activities include the distribution and production of Indian films and related content. Co. is a global player in the rapidly expanding Indian media and entertainment arena. Co. is vertically integrated for not only the production and commissioning of film projects similar to the way in which Hollywood studios operate but also for the global distribution and exploitation of films across all formats including cinemas, digital and home entertainment and television syndication. Co.'s operations are organized along three operating segments: Theatrical; Television syndication; and Digital and home entertainment.
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