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Fitch gives DQ Entertainment, loan BBB(ind)
Fitch Ratings said it assigned a national long-term rating of BBB(ind) to DQ Entertainment (International) Ltd.
The outlook is stable.
Fitch said it has also assigned ratings to its various bank loan facilities: term loans aggregating Rs. 834.4 million at BBB(ind); total non-fund based limits aggregating Rs. 1.0495 billion at BBB(ind)/F2(ind); and total fund-based limits aggregating Rs. 580 million at F2(ind).
The agency added that the ratings assigned to DQ factor in its strong business growth over the past two years.
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