CARE upgrades credit rating on Zee Media Corporation’s bank facilities

The credit rating agency upgraded the rating on long-term bank facilities Rs134.90cr of the company to CARE B+/ Stable from CARE C / Negative.

Mar 24, 2021 11:03 IST India Infoline News Service

Zee Media Corporation Limited informed the exchanges Tuesday that CARE Ratings Limited (CARE) on reviewing the recent developments including the operational and financial performance of the company for FY20 and 9MFY21 has upgraded the credit rating of long-term Bank Facilities (Term Loan & cash credit) of the company.

The credit rating agency upgraded rating on long-term bank facilities Rs134.90cr of the company to CARE B+/ Stable from CARE C / Negative.

At around 11.22 am, Zee Media Corporation Ltd. was trading at Rs6.26 down Rs0.19 or 2.95% on the BSE.

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