From ICRA
Network 18 Media & Investments announced that ICRA - the credit rating agency, has revised the credit ratings of the Company as given below:- Assigned the short-term rating (for Rs 230 crore) of [ICRA] A1 + (Pronounced ICRA A one plus) and Long-term rating (for Rs 10 crore) of [ICRA] A (Pronounced ICRA A) on the Bank facilities of Rs 240 crore (enhanced from Rs 140 crore). The outlook on the long-term rating is 'Positive'.
- Assigned as [ICRA] A1 + (Pronounced ICRA A one plus) for Commercial Paper of Rs 100 crore of the Company.
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