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.
