Credit rating agency, CARE has assigned ‘BBB-’ rating to Rs 684 crore long term bank facilities of Dish TV India.
The rating derives strength from strong support received from Zee Entertainment Enterprises, infusion of equity through right issue as well as Global Depositary Receipts (GDRs), strong brand presence with leadership position in Direct to Home (DTH) segment and strong distribution network.
The company has reported a net loss of Rs 37.05 crore as compared to a net loss of Rs 60.58 crore for the quarter ended March 31, 2010. Total income has jumped by 41.37% at Rs 451.73 crore for the quarter under review from Rs 319.53 crore in the corresponding previous quarter.
It has registered net loss for the year at Rs 189.70 crore as compared to a net loss of Rs 262.12 crore for the previous. Total income has increased by 32.18% at Rs 1524.58 crore for the year from Rs 1153.40 crore in previous year.
