TV18 Broadcast: Updates on credit rating by ICRA

Nov 06, 2013, 09.13 AM IST

TV18 Broadcast has informed that ICRA Limited (ICRA), the Credit Rating Agency, has affirmed the credit rating for the Fixed Deposit Programme of the Company as MA-, with stable outlook on this rating. ICRA has assigned credit rating of [ICRA]BBB+/[ICRA]A2+ for the Bank facility of Rs 25 crore of the Company.

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TV18 Broadcast: Updates on credit rating by ICRA

TV18 Broadcast has informed that ICRA Limited (ICRA), the Credit Rating Agency, has affirmed the credit rating for the Fixed Deposit Programme of the Company as MA-, with stable outlook on this rating. ICRA has assigned credit rating of [ICRA]BBB+/[ICRA]A2+ for the Bank facility of Rs 25 crore of the Company.

Like this story, share it with millions of investors on M3

TV18 Broadcast: Updates on credit rating by ICRA

TV18 Broadcast has informed that ICRA Limited (ICRA), the Credit Rating Agency, has affirmed the credit rating for the Fixed Deposit Programme of the Company as MA-, with stable outlook on this rating. ICRA has assigned credit rating of [ICRA]BBB+/[ICRA]A2+ for the Bank facility of Rs 25 crore of the Company.

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TV18 Broadcast Ltd has informed BSE that ICRA Limited (ICRA), the Credit Rating Agency, has affirmed the credit rating for the Fixed Deposit Programme of the Company as "MA-" ( pronounced M A minus), with 'stable' outlook on this rating.Further the Company has informed that, ICRA has assigned credit rating of "[ICRA]BBB+/[ICRA]A2+" (pronounced ICRA triple B plus / ICRA ICRA A two plus) for the Bank facility of Rs. 25 Crores of the Company. Further ICRA has reaffirmed the long - term rating of [ICRA]BBB+ for the Bank facilities of Rs. 345 Crores of the Company. The outlook on the long-term rating is "Stable".The credit rating for the Commercial Paper of Rs. 200 Crore of the Company has been reaffirmed as [ICRA]A1+(SO) (pronounced ICRA A one plus Structured obligation). Investments with [ICRA]A1 rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

Disclaimer: Moneycontrol.com and Television Eighteen Network are both part of the Network18 Group.Source : BSE

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