Credit rating agency, CARE has reaffirmed ‘A-’ rating to New Delhi Television’s (NDTV) long term bank facilities worth Rs 170.21 crore. The rating agency has also reaffirmed ‘A1’ rating to the company’s short term bank facilities worth Rs 4 crore.
The ratings assigned to the bank facilities of NDTV continue to derive strength from the strong promoter group with a successful track record in the news broadcasting industry, established market position (especially of the flagship channel NDTV 24x7) with focus on news, latest technology and infrastructure to provide focused coverage of events and well-diversified advertiser base.
NDTV operates as a television media company in India and internationally. Its channels offer news and current affairs, lifestyle, entertainment, and youth programs, as well as family and realty shows, chat shows, and period dramas.
