Credit Rating Agency, ICRA has assigned AA+ rating to Network 18 Media & Investments’ fresh long-term borrowing program (Bank Loan/NCDs) of Rs 500 crore. The rating agency has upgraded rating assigned to the company’s long term fund based limits of Rs 10 crore to ‘AA+’ from ‘A’.
Additionally, ICRA has reaffirmed rating assigned to the company’s short term bank facilities of Rs 230 crore at ‘A1 +’. Further, ICRA has assigned/reaffirmed rating of the company’s Commercial Paper Programme aggregating to Rs 500 crore at ‘A1 +’.
Network 18 Media & Investments is one of India's leading full play media conglomerates with interests in television, print, internet, filmed entertainment, mobile content and allied businesses.
