Adlabs achieves A1+ rating

New Delhi, Oct 16 (UNI) Credit rating agency today reaffirmed A1+ rating, the highest credit quality in the short-term, to the Rs 750- crore commercial paper programme Adlabs Films Ltd (Adlabs).

The rating takes into account Adlabs established position in the film processing business and long-standing relationships that it enjoys within the film industry.

Adlabs foray into film exhibition business in the multiplex segment, film production and film distribution enables it to be present in the entire value chain of the movie business.

The agency also takes note of the significant role of Adlabs in Anil Dhirubhai Ambani Group's overall strategy in the media and entertainments.

UNI