JCR-VIS Assigns Ratings to Independent Media Corporation Private Limited
Karachi: JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned an entity rating of ‘A/A-2’ (Single A/A-Two) to Independent Media Corporation (Private) Limited (IMCL). Outlook on the ratings is ‘Stable’.
Independent Media Corporation (Private) Limited (IMCL) is part of Pakistan’s largest media conglomerate the ‘Jang Group’ which has dominated the field of news and communications for over seven decades with ‘Jang’ being the country’s largest circulated daily.
IMCL is operating with ‘Geo News’ and ‘Geo Entertainment’ which enjoys the highest viewership amongst the cable operated channels in Pakistan.
Senior management has remained associated with media and comprises some of the best qualified professionals in the industry. Business flows and the control framework have evolved into a robust interactive system with extensive report generation and activity management capabilities, being provided by the management system.
Revenues have grown steadily over the years. IMCL’s debt policy has so far remained conservative. Strong group support is evident and has been utilized from time to time.
IMCL has been and will continue to be faced with rising competition. While its positioning within the industry has so far been sustained and market share has grown over time, competition will necessitate focused and continued effort to retain share.
For more information, contact:
Mr. Javed Callea
JCR-VIS Credit Rating Company Limited
Tel: +9221 35311861 (10 lines) (Ext: 501)
Fax: +9221 35311872-3
E mail: [email protected]