In furtherance to letter bearing same reference no. and dated 11th December, 2019, wherein pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, HT Media has informed that the credit rating agency CRISIL has revised the credit ratings assigned to Non-Convertible Debentures (CRISIL AA/Stable, Downgraded from CRIS IL AA +/Negative) (Current Rated amount Rs 100 Crore); and reaffirmed the credit rating assigned to Commercial Paper (CP) programme (CRISIL A1+) (Current Rated amount Rs l000 Crore). In relation to the above, the Company attached a letter dated December 10, 2019, received by the Company from CRISIL informing the above along with rationale for the revision in credit rating.
The above information is a part of company’s filings submitted to BSE.
