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As on 05-Nov-2026  19:16

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

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.