Crisil has downgraded its rating on long-term bank facilities and non-convertible debentures (NCDs) of PVR Ltd to AA-minus negative from AA negative. The rating on short-term bank facility has been reaffirmed at A1-plus and the rating on Rs 75 crore NCDs has been withdrawn as the instruments have been fully repaid. The rating actions reflect Crisil s expectation of weakening of PVR s business risk profile over the medium term. It was earlier expected that with resumption of operations in October 2020, the occupancy will improve gradually with return of content to the multiplexes. However, with the recent spike in COVID-19 cases, recovery in operating performance of multiplexes will be delayed. Many states have already announced localised lockdowns, night curfews and restrictions over occupancy levels in cinemas.
PVR acquires award season favourites ‘The Father’, ‘The Mauritanian’ for India release
Updated:
Updated:
February 18, 2021 15:46 IST
Apart from the international films, the company’s 2021 slate also includes Bollywood movies, including Akshay Kumar’s ‘Sooryavanshi’ and Kabir Khan’s cricket drama ‘83’, starring Ranveer Singh
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Olivia Colman and Anthony Hopkins in ‘The Father’
Apart from the international films, the company’s 2021 slate also includes Bollywood movies, including Akshay Kumar’s ‘Sooryavanshi’ and Kabir Khan’s cricket drama ‘83’, starring Ranveer Singh
Lee Isaac Chung’s directorial “Minari”, Anthony Hopkins-led “The Father” and Jodie Foster-starrer “The Mauritanian” are some of the critically-acclaimed titles and award season hopefuls from Hollywood that will be theatrically released in India by PVR Pictures, the multiplex chain announced on Thursday.