ICRA assigns ‘AA+’ rating to Hindustan Media Ventures’ long term borrowing programme

Credit rating agency, ICRA has assigned ‘AA+’ rating to Rs 25.0 crore long term borrowing programme of Hindustan Media Ventures (HTML). The outlook on the rating is ‘Stable’. The company has received the said rating on the back of strong operational linkages of the company with parent company, HT Media (HTML)- both having print media as core business; with HTML having diversified presence across other media offerings

Hindustan Media Ventures is one of the leading print media companies in India in terms of readership. The company publishes and prints ‘Hindustan’, the third largest daily newspaper in India in terms of readership, with a readership of 9.3 million readers.