Credit rating agency, ICRA has assigned ‘A2+’ credit rating to the bank facilities amounting Rs 130 crore (Overdraft, pre and post shipment credit and bank guarantee from Yes Bank) of Network18 Media & Investments. The credit rating agency has also reaffirmed the long term rating of ‘BBB+’ for bank facilities of the company worth Rs 10 crore. The outlook on the long term rating is stable.
Further, ICRA has reaffirmed the ‘MA-‘ rating for the Fixed Deposit program of the company. The outlook on the above rating is stable.
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.
