The rating agency CRISIL has assigned credit ratings to the debt instruments and bank facilities of Entertainment Network (India). The Rs 400 crore Non-Convertible Debentures (NCD) has been assigned a rating of ‘AA+/Stable’ and Rs 400 crore Commercial Paper Programme has been assigned a rating of ‘A1+’ by the rating agency. Further, the total bank loan facilities of Rs 550 crore has been assigned a rating of ‘AA+/Stable’ by the rating agency.
Entertainment Network is one of the leading entertainment and media company and is engaged in radio broadcasting under the brand name ‘Radio Mirchi’. The company has its presence in Mumbai, Delhi, Kolkata, Chennai, Pune, Indore, Ahmedabad Bangalore, Hyderabad, Jaipur, Patna and Jalandhar.
