TV18 Broadcast gets revision in credit ratings

From ICRA

TV18 Broadcast announced that ICRA has revising the credit ratings of the Company's rated instruments as given below:

(i) The fund based/non-fund based long term/ short term limits of Rs. 354 crore:
a. Upgraded the assigned long term rating to [ICRA]AAA (pronounced ICRA triple A) from [ICRA] AA+ (pronounced ICRA double A plus).
b. Reaffirmed the assigned short-term rating at [ICRA] A1+ (pronounced ICRA A one plus).

(ii) The Commercial Paper Programme aggregating to Rs. 400 crore: Reaffirmed rating at [ICRA] A1+ (pronounced ICRA A one plus).

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