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ICRA upgrades rating of TV18 Broadcast’s long term bank facilities

30 May 2017 Evaluate

Credit rating agency ICRA has upgraded rating of TV18 Broadcast’s long term bank facilities to ‘AAA’ from ‘AA+’ earlier. The rating agency has reaffirmed ‘A1+’ rating to the company’s short term bank facilities. Further, the rating agency has reaffirmed ‘A1+’ rating to the company’s Commercial Paper Programme worth Rs 400 crore.

TV18 Broadcast formerly IBN18 Broadcast owns and operates one of India’s leading 24-hour English language news and current affairs channel, CNN IBN.

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