Raj Television Network Limited — Credit Ratings, 24-01-2026: Credit Rating

India Ratings & Research has downgraded Raj Television Network's Bank Loan Facilities (INR 22.2 Cr) to 'IND D' from 'IND BB'. This downgrade reflects significant delays in debt servicing since November 2025, primarily due to the company's liquidity constraints. The previous rating carried a Stable outlook, but 'IND D' signals default.