Credit rating agency, CARE has assigned final rating of ‘AAA (SO)’ to the proposed Non Convertible Debentures (NCD) issue of Rs 150 crore of Reliance Broadcast Network (RBNL). The rating assigned to the proposed NCD issue factors in credit enhancement in form of unconditional and irrevocable mandatory PUT option provided by Reliance Capital.
RBNL is a part of the Anil Ambani-led Reliance Group. The company is a multi-media entertainment company with a presence across radio broadcasting (92.7 BIG FM), television content production (BIG Productions) and television broadcasting (BIG Magic, BIG CBS and BIG RTL).
