Crisil downgrades ratings on bank facilities of Inox Leisure to A+/Negative/A1 ...Middle East

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Crisil downgrades ratings on bank facilities of Inox Leisure to A+/Negative/A1
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Crisil has downgraded its ratings on bank facilities of Inox Leisure Ltd (ILL) to A+/Negative/A1 from AA-/Negative/A1+. The rating action reflects expectation of weakening of ILL'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.

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