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ICRA upgrades rating of TV18 Broadcast’s bank facilities

09 Jan 2016 Evaluate

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.

 

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