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ICRA affirms ‘MA-‘rating to Network 18 Media & Investments’ Fixed Deposit Programme - stable

12 Mar 2013 Evaluate

Credit rating agency, ICRA has affirmed ‘MA-‘rating to Network 18 Media & Investments’ Fixed Deposit Programme. Further this rating was earlier placed under ‘Rating Watch with Developing Implications’ has now been taken off and a ‘Stable’ outlook has been assigned to the above rating. 

The rating agency has also revised ‘BBB+’ rating to the company’s long term bank facilities worth Rs 100 crore from ‘BBB-’. Further this rating, which was earlier placed under ‘Rating Watch with Developing Implications’, has now been taken off and a ‘Stable’ outlook has been assigned to the long term rating.

Network 18 Media & Investments is one of India's leading full play media conglomerates with interests in television, print, internet, filmed entertainment, mobile content and allied businesses.

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