CRISIL reaffirms AA rating; Rs 120 cr preference shares redeemed

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Price reaction · full curve 14 horizons · vs prior close

+0.2%1-day move

₹6.05

prior close

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AI summary

CRISIL reaffirmed its AA/Stable long-term and A1+ short-term ratings on Music Broadcast's Rs 135 crore bank facilities. Separately, the rating on Rs 120 crore Non-Convertible Redeemable Preference Shares was withdrawn after full redemption on January 19, 2026. Reaffirmation indicates continued strong credit quality.

Likely market impact

Rating unchanged signals stable credit profile. Preference share redemption reduces debt, mildly positive for shareholders.