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Raj Television Network's Rs. 500 crore bank loan facilities upgraded by India Ratings

05-Nov-26 19:16 Hrs IST

Raj Television Network Ltd announced credit rating actions from multiple agencies concerning its debt instruments. India Ratings and Research (Ind-Ra), India Ratings & Research, and India Ratings and Research Private Limited upgraded the bank loan facilities, amounting to Rs. 500 crore, from IND D to IND B with a stable outlook, and IND A4 to IND A4+, respectively; the bank loan facilities were previously rated IND BB/Stable/IND A4+ and IND BB+/Stable/IND A4+. Care Ratings assigned a CRISIL BB- rating to the company's non-convertible debentures totaling Rs. 100 crore, while India Ratings reaffirmed the IND BBB+ rating for the bank loan facilities of Rs. 500 crore with a stable outlook; limited information was available regarding other instruments, and placeholder ratings were noted.

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