Zee Entertainment Enterprises gets downgrade in rating for preference shares and issuer ratings

From Brickwork Ratings

Zee Entertainment Enterprises announced that Brickwork Ratings has downgraded the ratings for 6% Cumulative Redeemable Non-Convertible Preference Shares & the Issuer rating as under -

6% Cumulative Redeemable Non-Convertible Preference Shares - BWR AA; credit watch with negative implications (revised from BWR AA+; credit watch with negative implications)

Issuer rating - BWR AA; credit watch with negative implications (BWR AA+; credit watch with negative implications)

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