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ICRA upgrades rating of TV18 Broadcast’s long term bank facilities

Credit rating agency ICRA has upgraded rating of TV18 Broadcast’s long term bank facilities to ‘AAA’ from ‘AA+’ earlier. The rating agency has reaffirmed ‘A1+’ rating to the company’s short term bank facilities. Further, the rating agency has reaffirmed ‘A1+’ rating to the company’s Commercial Paper Programme worth Rs 400 crore.

TV18 Broadcast formerly IBN18 Broadcast owns and operates one of India’s leading 24-hour English language news and current affairs channel, CNN IBN.

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