Credit Rating

CRISIL maintains Entertainment Network (India) Limited's (ENIL) 'Watch Developing' ratings for its bank facilities (₹150 Cr), NCDs (₹50 Cr), and Commercial Paper (₹200 Cr). Long-Term rating is Crisil AA+/Watch Developing; Short-Term, Crisil A1+/Watch Developing.

The watch continues due to the recent demerger of BCCL's non-publishing business, with post-demerger financial clarity awaited.

ENIL's market leadership and ₹390 Cr cash position underpin the underlying ratings.