Hot Pursuit
Entertainment Network (India) Ltd announced that CRISIL has reaffirmed its ratings and maintained them on 'Rating Watch with Developing Implications,' pending post-demerger financial statements and clarity on the impact of the demerger. Specifically, CRISIL continues to rate Entertainment Network (India) Ltd's Bank Loan Facilities at Rs.150 crore, Short Term Rating at Rs.50 crore, Non Convertible Debentures at Rs.200 crore, and Commercial Paper at Rs.200 crore, all carrying a rating of AA+/Watch Developing and A1+/Watch Developing respectively. The ratings also extend to various other instruments including Bank Guarantees, Cash Credit/Overdraft facilities, Proposed Long Term Bank Loan Facilities, Short Term Bank Facilities, Fund Based Facilities, Non-Fund Based Facilities, Commercial Paper, Non Convertible Debentures, and Principal-Protected Market-Linked Debentures (PPMLD), all similarly rated and under watch, with a revision to comply with a SEBI circular. Consolidated ratings, including subsidiaries, also remain under the same 'Watch' status.