Credit Rating Agency, ICRA has upgraded rating assigned to the TV18 Broadcast’s fund based/non-fund based bank limits of Rs 354 crore to ‘AA+’ from ‘A’. The rating agency has also reaffirmed rating of the company’s Commercial Paper Programme worth Rs 400 crore at ‘A1+’.
TV18 Broadcast (TV18) is a part of Networkl8 Group. Network18 Group is a media and entertainment group with interests in television, internet, films, e-commerce, magazines, mobile content and allied businesses. Through its subsidiary, TV18, the group operates news channels such as CNBC-TV18, CNBC Awaaz, CNBC-TV18 Prime HD, CNN-IBN and IBN7.
