Credit rating agency, Brickwork Ratings India has reaffirmed the ratings assigned to Sambhaav Media’s bank borrowings amounting to Rs 28.58 crore. The fund based facility amounting to Rs 16.70 crore have been reaffirmed to ‘BB+’ with stable outlook and the non-fund based facility amounting to Rs 11.88 crore have been reaffirmed to ‘A4+’.
Sambhaav Media is engaged in the business of printing and publishing of newspapers and periodicals and also outdoor advertising. The company publishes two Gujarati language newspapers: Sambhaav Metro and Loksatta-Jansatta. It also publishes Abhiyaan, a Gujarati language magazine, and operates an electronic version of Sambhaav Metro.
