Credit rating agency, CARE has reaffirmed ‘AA (SO)’ rating to Dish TV India’s long-term bank facilities worth Rs 120.20 crore. The rating for the bank facilities of Dish Tv India (DTIL) is based on the credit enhancement for Rs 97.20 crore term loan in the form of Minimum Reserve Account (MRA) agreement entered between DTIL and its lenders, wherein Zee Entertainment Enterprises (ZEEL rated AA/ A1+) would make good the shortfall in MRA which is to be maintained by DTIL for three months interest and principal payment, within 5 working days of demand on ZEEL
Dish TV is India’s largest direct-to-home company and part of the biggest media conglomerate - Zee Group. Dish TV has on its platform 400+ channels and services including 21 audio channels with 13.5 million subscribers.
