Credit rating agency, ICRA has affirmed the credit rating for the Fixed Deposit (FD) programme of TV18 Broadcast as ‘MA-‘with stable outlook on this rating. The credit rating agency has assigned credit rating of ‘BBB+/A2+’ for the bank facility amounting Rs 25 crore of the company. It has also reaffirmed the long - term rating of ‘BBB+’ for the bank facilities amounting Rs 345 crore of the company. The outlook on the long-term rating is stable.
Further, the credit rating for the Commercial Paper of Rs 200 crore of the company has been reaffirmed as ‘A1+/ (SO)’. Investments with ‘A1’ rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.
TV18 Broadcast formerly IBN18 Broadcast owns and operates one of India's leading 24-hour English language news and current affairs channel, CNN IBN. TV18 Broadcast is focused on producing high quality news programming and to capture news and events around the world.
