CRISIL Reaffirms Bank Facility Ratings of Music Broadcast Ltd at AA/Stable and A1+
Music Broadcast Limited has received a rating reaffirmation from CRISIL Ratings on its bank facilities. The agency maintained the company's ratings for both long-term and short-term debt instruments, while also noting that the rating for Non-Convertible Redeemable Preference Shares (NCRPS) has been withdrawn following the instrument's redemption.CRISIL Ratings reaffirms the 'CRISIL AA/Stable' rating for the Long Term Bank Loan Facilities and the 'CRISIL A1+' rating for the Short Term Bank Loan Facilities, covering a total of Rs. 135 crores in bank loan facilities.
The review of CRISIL’s ratings was conducted to assess the debt instruments and facilities of Music Broadcast Limited. The company has various commitments under these facilities, as detailed below:
| Facility Type | Total Amount (Rs. Crore) |
|---|---|
| Total Bank Loan Facilities Rated | 135 |
The breakdown of the rated bank facilities includes provisions for Bank Guarantees, Overdraft Facilities, and Proposed facilities.
Detailed Breakdown of Bank Facilities:
Music Broadcast Limited has specific commitments across various banks and facility types:
| Facility Type | Bank | Amount (Rs. Crore) | Outstanding Rating |
|---|---|---|---|
| Bank Guarantee | Central Bank of India | 2.29 | Crisil A1+ |
| Bank Guarantee | HDFC Bank Limited | 21.66 | Crisil A1+ |
| Overdraft Facility | Axis Bank Limited | 1 | Crisil A1+ |
| Overdraft Facility | HDFC Bank Limited | 10 | Crisil A1+ |
| Proposed Bank Guarantee | - | 21.05 | Crisil A1+ |
| Proposed Working Capital Facility | - | 79 | Crisil AA/Stable |
Status of Preference Shares Rating
The rating for the Non-Convertible Redeemable Preference Shares (NCRPS) has been withdrawn by CRISIL Ratings, as the entire outstanding NCRPS amounting to Rs. 120 crore were fully redeemed on January 19, 2026. Consequently, there are no outstanding NCRPS instruments requiring a subsisting rating.
RADIOCITY Stock Price Movement
Music Broadcast Limited shares today slipped by 1.47% to settle at ₹6.07, closing down on the day. The equity experienced a trading range between a low of ₹6.00 and a high of ₹6.24.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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