OTHER GROUP COMPANIES
market

Brickwork reaffirms 'BBB-/Stable' rating on Sambhaav Media's bank loan facilities

Brickwork Ratings has considered the impact of the Covid-19 pandemic and the measures taken by the Company to mitigate the impact.

March 24, 2021 10:17 IST | India Infoline News Service
Brickwork Ratings has reaffirmed 'BWR BBB- with Stable outlook and A3' rating for the enhanced bank facilities of Sambhaav Media Ltd.

The ratings continue to draw strength from its operational track record, strong regional market presence, diversified revenue stream, experienced management having healthy relationships with customers and its comfortable financial risk profile.

Brickwork Ratings has considered the impact of the Covid-19 pandemic and the measures taken by the Company to mitigate the impact. 

The ‘Stable’ outlook indicates BWR’s opinion that the Company will continue to benefit from its long track record of operations and the experience of its management and promoters.

BWR expects that SML’s business risk profile will be maintained over the medium term. The outlook change to Positive is unlikely in the near term.

The outlook may be revised to Negative if the Company reports significantly lower than expected performance, resulting in lower than estimated coverage indicators and a weaker financial risk profile or liquidity position.

Sambhaav Media was trading at Rs2.29 apiece higher by 0.44% on Sensex.

OPEN A DEMAT ACCOUNT & Get FREE Benefits worth 10,000

OPEN A DEMAT ACCOUNT & Get
FREE Benefits worth 10,000

STOCK VIEW

PRESTIGE (NSE)

The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

FEATURED ARTICLE

BLOGS

Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity