Global ratings<\/a> agency, Fitch<\/a> has affirmed Bharti Airtel<\/a>’s long-term foreign¬ currency Issuer Default Rating (IDR) and senior unsecured rating at 'BBB¬'. The outlook on the IDR, it said, is also stable. 全球评级机构,惠誉已经确认Bharti Airtel的长期外国¬货币发行人违约评级和高级无担保评级(IDR)“BBB¬”。印尼盾的前景,也是稳定的。
\n
\nFitch has also affirmed the ratings on Bharti Airtel International (Netherlands) B.V's bonds.
\n
“Bharti's 'BBB¬' rating reflects its established market leadership in the Indian wireless services industry<\/a>. The company has about 35% revenue market share, has diversified and integrated operations and owns a large share of Indian spectrum assets, which are also the most efficient assets,” Fitch said in an official statement Friday.
\n
\nAirtel’s established market position and diversified revenue base, it said, would also help it withstand intense competition in the Indian mobile segment.
\n
\nEarlier this week, Moody’s Investors Service had changed Airtel’s ratings outlook to “negative” on expectations of heightened competition from Reliance Jio Infocomm over the next one year.
\n
\nFitch, however, said Airtel had “gained about 150 bp (basis points) of RMS in 2016 as smaller telcos exited due to fierce competition and another 200 bp with the acquisition of Telenor India, which is subject to regulatory approvals”.
\n
\nHowever, Fitch forecasts “Bharti's FFO¬-adjusted net leverage to worsen to 2.0x-¬2.2x for the financial year ending March 2018 (FY18), from 1.9x in FY17 (excluding $6.8 billion deferred spectrum costs)”.
\n
\nThe global rating agency expects Airtel’s leverage to remain below 2.5x, adding that anything above would be considered negative rating action.<\/p><\/body>","next_sibling":[{"msid":58856699,"title":"Samsung Galaxy J2 becomes the top smartphone in India: CMR","entity_type":"ARTICLE","link":"\/news\/samsung-galaxy-j2-becomes-the-top-smartphone-in-india-cmr\/58856699","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":58859172,"entity_type":"ARTICLE","title":"Fitch affirms Bharti Airtel rating","synopsis":"Airtel\u2019s established market position and diversified revenue base, it said, would also help it withstand intense competition in the Indian mobile segment.","titleseo":"telecomnews\/fitch-affirms-bharti-airtel-rating","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2017-05-26 18:48:03","lastupd":"2017-05-26 18:49:05","breadcrumbTags":["Bharti Airtel","industry","ratings","Fitch"],"secinfo":{"seolocation":"telecomnews\/fitch-affirms-bharti-airtel-rating"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2017-05-26" data-index="article_1">
惠誉评级也肯定了Bharti Airtel国际(荷兰)B。V的债券。
“Bharti的BBB¬评级反映了其市场领导在印度建立无线服务行业。公司收入约35%的市场份额,拥有多元化和集成业务和拥有很大份额的印度频谱资产,也是最有效的资产,"惠誉周五在一份官方声明中说。
Airtel建立市场地位和多元化的收入基础,它说,还将有助于它在印度移动市场承受激烈的竞争。
本周早些时候,穆迪投资者服务公司改变了Airtel的评级前景在竞争加剧的预期从“负面”依赖Jio Infocomm在接下来的一年。
然而,惠誉称Airtel”上涨约150个基点(基点)2016年RMS的小电信公司退出由于激烈的竞争和另一个与收购Telenor印度200个基点,这是受到监管机构的批准”。
然而,惠誉预测“Bharti的基于来自营运资金流量的¬财务调整净杠杆恶化2.0 x -¬2.2 x截至2018年3月的财政年度(FY18),从1.9 x FY17光谱(不包括68亿美元的递延成本)”。
全球评级机构预计Airtel的杠杆率仍低于2.5 x,上面还说什么将被认为是负面的评级行动。
Global ratings<\/a> agency, Fitch<\/a> has affirmed Bharti Airtel<\/a>’s long-term foreign¬ currency Issuer Default Rating (IDR) and senior unsecured rating at 'BBB¬'. The outlook on the IDR, it said, is also stable.
\n
\nFitch has also affirmed the ratings on Bharti Airtel International (Netherlands) B.V's bonds.
\n
“Bharti's 'BBB¬' rating reflects its established market leadership in the Indian wireless services industry<\/a>. The company has about 35% revenue market share, has diversified and integrated operations and owns a large share of Indian spectrum assets, which are also the most efficient assets,” Fitch said in an official statement Friday.
\n
\nAirtel’s established market position and diversified revenue base, it said, would also help it withstand intense competition in the Indian mobile segment.
\n
\nEarlier this week, Moody’s Investors Service had changed Airtel’s ratings outlook to “negative” on expectations of heightened competition from Reliance Jio Infocomm over the next one year.
\n
\nFitch, however, said Airtel had “gained about 150 bp (basis points) of RMS in 2016 as smaller telcos exited due to fierce competition and another 200 bp with the acquisition of Telenor India, which is subject to regulatory approvals”.
\n
\nHowever, Fitch forecasts “Bharti's FFO¬-adjusted net leverage to worsen to 2.0x-¬2.2x for the financial year ending March 2018 (FY18), from 1.9x in FY17 (excluding $6.8 billion deferred spectrum costs)”.
\n
\nThe global rating agency expects Airtel’s leverage to remain below 2.5x, adding that anything above would be considered negative rating action.<\/p><\/body>","next_sibling":[{"msid":58856699,"title":"Samsung Galaxy J2 becomes the top smartphone in India: CMR","entity_type":"ARTICLE","link":"\/news\/samsung-galaxy-j2-becomes-the-top-smartphone-in-india-cmr\/58856699","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":58859172,"entity_type":"ARTICLE","title":"Fitch affirms Bharti Airtel rating","synopsis":"Airtel\u2019s established market position and diversified revenue base, it said, would also help it withstand intense competition in the Indian mobile segment.","titleseo":"telecomnews\/fitch-affirms-bharti-airtel-rating","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2017-05-26 18:48:03","lastupd":"2017-05-26 18:49:05","breadcrumbTags":["Bharti Airtel","industry","ratings","Fitch"],"secinfo":{"seolocation":"telecomnews\/fitch-affirms-bharti-airtel-rating"}}" data-news_link="//www.iser-br.com/news/fitch-affirms-bharti-airtel-rating/58859172">
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