CARE reaffirms credit ratings of NDTV; Removes from Credit watch with Negative Implications

The rating on long-term Bank Facilities has been assigned CARE BB+; Stable.

Oct 27, 2021 03:10 IST India Infoline News Service

NDTV
CARE Ratings Limited has during the financial year 2021-22, assigned the ratings to New Delhi Television Limited on the basis of bank facilities Rs64.63cr.

The rating on long-term Bank Facilities Rs60.63cr (Reduced from Rs89.14cr) has been assigned CARE BB+; Stable. The rating has been reaffirmed and removed from Credit Watch with Negative Implications; Stable outlook assigned.

On the Short Term Bank Facilities Rs4cr of the company CARE, A4+ rating has been assigned. The rating has been reaffirmed and removed from Credit Watch with Negative Implications.

New Delhi Television Ltd stock trade ended at Rs79.20 per piece down by Rs0.85 or 1.06% from its previous closing of Rs80.05 per piece on the BSE.

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