Network 18 Media & I - Revision in Credit
Rating
11/06/2014 11:03
Network 18 Media & Investments Ltd has informed BSE that ICRA Limited (ICRA) - the Credit Rating Agency, has revised/affirmed the credit ratings of the Company as given below:
- Long-term rating from [ICRA] BBB+ (Pronounced ICRA triple B plus) to [ICRA] A (Pronounced ICRA A) and short-term rating from [ICRA]A2+ (pronounced ICRA A two plus) to [ICRA]A1+ (pronounced ICRA A one plus) for Rs. 140 Crore bank facilities of the Company. The outlook on the long-term rating is revised from "Stable" to "Positive".
- From MA- (Pronounced MA Minus) to MA (Pronounced MA) for the Fixed Deposit Programme of the Company. The outlook on the medium term rating is revised from "Stable" to "Positive"
- Reaffirmed as "[ICRA] A1 + (SO)" (Pronounced ICRA A one plus Structured Obligation) for Commercial Paper of Rs. 100 Crore of the Company.
11/06/2014 11:03
Network 18 Media & Investments Ltd has informed BSE that ICRA Limited (ICRA) - the Credit Rating Agency, has revised/affirmed the credit ratings of the Company as given below:
- Long-term rating from [ICRA] BBB+ (Pronounced ICRA triple B plus) to [ICRA] A (Pronounced ICRA A) and short-term rating from [ICRA]A2+ (pronounced ICRA A two plus) to [ICRA]A1+ (pronounced ICRA A one plus) for Rs. 140 Crore bank facilities of the Company. The outlook on the long-term rating is revised from "Stable" to "Positive".
- From MA- (Pronounced MA Minus) to MA (Pronounced MA) for the Fixed Deposit Programme of the Company. The outlook on the medium term rating is revised from "Stable" to "Positive"
- Reaffirmed as "[ICRA] A1 + (SO)" (Pronounced ICRA A one plus Structured Obligation) for Commercial Paper of Rs. 100 Crore of the Company.
