Credit Rating Agency, Care Analysis & Research (CARE) has assigned AAA; Stable/ A1+ rating to Network 18 Media & Investments’ Long Term / Short Term Bank Facilities worth Rs 1000 crore. Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.
The Rating agency has also assigned A1+ rating to the company’s Commercial Paper issue with a maturity not exceeding one year worth Rs 1000 crore. Instruments with this rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.
