ICRA upgrades rating of TV18 Broadcast’s Fixed Deposit Programme

Credit rating agency, ICRA has revised the credit rating for the Fixed Deposit Programme of TV18 Broadcast from ‘MA-’ to ‘MA’. The outlook on the medium term rating is revised from ‘Stable’ to ‘Positive’.

Moreover, the rating agency has revised the long-term rating for bank facilities worth Rs 370 Ccore of the Company from ‘BBB+’ to ‘A’. The outlook on the long-term rating is revised from ‘Stable’ to ‘Positive’. Further, the credit rating for the Commercial Paper of Rs 200 crore of the company has been reaffirmed as ‘A1+(SO)’ by ICRA.

TV18 Broadcast formerly IBN18 Broadcast owns and operates one of India's leading 24-hour English language news and current affairs channel, CNN IBN. TV18 Broadcast is focused on producing high quality news programming and to capture news and events around the world.