Rating agency Crisil on 10th May gave a B+/Stable Issuer not cooperating’ rating on the long-term bank facilities of Kamal Haasan (KH), a proprietary firm of the actor-turned-politician. Crisil, which had rated him B+ or stable in January 2020, said that the recent move was due to inadequate information and lack of management cooperation from the company. The non-cooperation has restricted Crisil’s ability to take a forward-looking view on KH’s credit quality.
KH is Kamal Haasan’s proprietorship firm with interests in directing, acting and producing mainly Tamil films. The total worth of bank loan facilities of KH stands at Rs. 25 crore. Haasan had declared assets worth Rs. 177 crore in his name, in his poll affidavit. This includes movable assets worth Rs. 45 crore and immovable assets worth Rs. 132 crore.