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| Exchange Disseminated Time | 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. |
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