CARE reaffirms ratings of NDTV’s bank facilities

Credit rating agency, CARE has reaffirmed ‘A-’ rating to New Delhi Television’s (NDTV) Rs 189.25 crore long term bank facilities. The rating agency has also reaffirmed ‘A1’ rating to the company’s Rs 4 crore short term bank facilities.

The company has received the said ratings on the back of its successful track record in the news broadcasting industry, established market position with focus on news, latest technology and infrastructure to provide focused coverage of events, well-diversified advertiser base and adequate liquidity position at group level.

NDTV operates as a television media company in India and internationally. Its channels offer news and current affairs, lifestyle, entertainment, and youth programs, as well as family and realty shows, chat shows, and period dramas.