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CRISIL reaffirms rating of Jagran Prakashan’s Bank Facilities

29 Nov 2012 Evaluate

Credit rating agency, CRISIL has reaffirmed AA+ rating to Jagran Prakashan's Long-term Bank Facilities. The rating agency has also reaffirmed A1+ rating to the company’s Short-term Bank Facilities and Commercial Paper Rs 70 crore which was enhanced from Rs 50 crore.

The rating agency has assigned AA+ rating to company’s Non - Convertible Debentures worth Rs 150 crore.

Jagran Prakashan has business interests in area of newspapers, outdoor, internet, magazines, below the line marketing solutions, and mobile value added services. The company publishes Dainik Jagran, a Hindi daily newspaper.

Peers
Company Name CMP
D.B. Corp 187.55
Jagran Prakashan 61.90
HT Media 23.94
Navneet Education 125.10
S Chand And Company 133.30
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