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CARE reaffirms rating of Reliance Mediaworks’ Bank Facilities

08 Jan 2013 Evaluate

Credit rating agency, CARE has reaffirmed ‘BB’ rating to Reliance Mediaworks’ Long-term Fund-based Bank Facilities worth Rs 200 crore and Long-term Non-Convertible Debentures (NCDs) worth Rs 45 crore.

The company has received the said rating on the back of its experienced management and geographically diversified operations with presence in film exhibition and film production services business.

Reliance MediaWorks has a leading and comprehensive presence in Film and Media Services: Motion Picture Processing and DI; Film, Audio Restoration and Image Enhancement; 3D; Digital Mastering: Studios and Equipment rentals; Visual Effects; Animation; Broadcast and TVC Post Production with presence across India, USA and the UK.

Peers
Company Name CMP
PVR 938.05
Saregama India 344.55
Shemaroo Entertain. 105.35
Balaji Telefilms 94.39
UFO Moviez 72.06
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