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<\/span><\/figcaption><\/figure> Kolkata: Indian banks' exposure to troubled telecom companies is not large enough to pose a systemic threat, but defaults could add to problems at banks with weak balance sheets, global ratings agency, Fitch<\/a> said.
\n
The banking<\/a> sector, it said, is already struggling with significant asset quality issues and is likely to require hefty capital injections from the government over the next couple of years.
\n
The credit profiles of Indian telcos, it said, are under pressure from fierce competition stemming from Reliance Jio<\/a> Infocomm’s entry last year and rising capex required for the rollout of 4G services.
\n
\nAccording to Fitch, some companies could find it difficult to service their debt, which is why, the outlook for the sector is negative.
\n
The global rating agency also expects debt servicing pressure to be most severe at Reliance Communications, (RCom<\/a>), and expects similar problems for Aircel<\/a> and the Tata<\/a>’s group’s telecom businesses (including Tata Teleservices), Nitin Soni<\/a>, director at Fitch Ratings said.
\n
\n“Aircel is in the process of merging its wireless operation with RCom, but the combined entity will still have limited pricing power and high leverage that will constrain its ability to strengthen its network position. We expect both companies to remain under pressure,” Fitch Ratings said in an official statement.
\n
\nIndian banks, it said, already have significant asset quality issues that could be made worse by stress in the telecom sector. However, total debt owed by telcos to banks is only Rs 91,300 crore ($14 billion), accounting for just 1.4% of all bank loans, according to the Reserve Bank of India.
\n
\nAccording to Fitch, banks’ exposure to other troubled sectors is much larger. Lending to iron and steel companies, for example, accounts for 4.7% of total lending. The power sector accounts for 8.7% and the road sector for 2.7%. Loans to telcos, on the contrary, are also generally backed by spectrum assets, which should provide a better chance of recovery than, for example, a steel factory operating below capacity or a power plant that lacks a power purchase agreement. But that said, the sale of spectrum assets might take longer than banks expect and not fetch full value, given that the top-three telcos now have sufficient spectrum to run their operations for the medium term.
\n
Fitch also said that not all telcos face financial difficulties. “Market leader, Bharti Airtel<\/a>, is likely to meet repayments comfortably on the over $1 billion that it owes to banks. Vodafone<\/a> and Idea<\/a> Cellular too are in the process of merging their operations, which will give the new entity a market-leading share,” it said.
\n
\nAccording to the global rating agency, Idea's balance sheet is stretched, but the combined company is unlikely to experience serious problems in servicing its debt.
\n
\nFitch’s Soni said the risk of Tata’s telecom business group companies missing payments “is mitigated by the potential for its parent, the Tata Group, injecting equity.
\n
\nHowever, Soni believes state-run BSNL and MTNL, are likely to be in weaker positions, although nearly all their debt is owed to the government.<\/body>","next_sibling":[{"msid":59012021,"title":"Look who is back to say Hello to Indian Orkut fans","entity_type":"ARTICLE","link":"\/news\/look-who-is-back-to-say-hello-to-indian-orkut-fans\/59012021","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":59012797,"entity_type":"ARTICLE","title":"Indian banks' exposure to telcos not\nlarge enough to pose systemic threat but defaults may hit weaker banks: Fitch","synopsis":"The banking sector, it said, is already struggling with significant asset quality issues and is likely to require hefty capital injections from the government over the next couple of years.","titleseo":"telecomnews\/indian-banks-exposure-to-telcos-not-large-enough-to-pose-systemic-threat-but-defaults-may-hit-weaker-banks-fitch","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2017-06-06 10:42:53","lastupd":"2020-01-06 13:36:00","breadcrumbTags":["Fitch","3G\/4G","Jio","Airtel","telcom","aircel","idea","RCom","Tata","Nitin Soni","Vodafone","Banking"],"secinfo":{"seolocation":"telecomnews\/indian-banks-exposure-to-telcos-not-large-enough-to-pose-systemic-threat-but-defaults-may-hit-weaker-banks-fitch"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2017-06-06" data-index="article_1">

印度银行的敞口电信公司不足以构成系统性威胁但违约可能会影响实力较弱的银行:惠誉

银行业,已经疲于应对重大资产质量问题,很可能需要巨额政府注资在未来几年。

  • 更新2020年1月6日01:36点坚持
加尔各答,印度的银行对陷入困境的电信公司敞口并不足以构成系统性威胁,但违约可能增加较差的问题,银行的资产负债表,全球评级机构,惠誉说。

的银行部门,已经疲于应对重大资产质量问题,很可能需要巨额政府注资在未来几年。

印度电信公司的信用档案,是在激烈竞争的压力下造成依赖JioInfocomm去年的条目和不断上升的资本支出需要推出4 g服务。

惠誉表示,一些公司可能很难偿还债务,这就是为什么,该行业的前景是负的。

全球评级机构还预计,偿债压力最严重的Reliance Communications, (信实电信),预计类似的问题Aircel和塔塔的集团的电信企业(包括塔塔电信业务),Nitin索尼惠誉国际评级(Fitch Ratings)主任说。

“Aircel在合并的过程中与信实电信的无线操作,但合并后的实体将仍然有限的定价权和高杠杆,将限制其能力加强其网络位置。我们希望两家公司仍处于压力之下,”惠誉评级(Fitch Ratings)在官方声明中说。

印度的银行,已经有重大资产质量问题,可能是压力在电信行业雪上加霜。然而,由电信公司银行债务总额只有91300卢比(140亿美元),仅占银行贷款的1.4%,根据印度央行(Reserve bank of India)。

根据惠誉,银行的其他陷入困境的行业要大得多。例如,为钢铁企业提供贷款占贷款总额的4.7%。电力行业占8.7%,公路部门为2.7%。电信公司贷款,相反,也通常由频谱的资产,这将提供一个更好的机会比复苏,例如,钢铁工厂满负荷运转,或一个发电厂,缺乏电力购买协议。但这说,频谱资产的出售可能需要更长的时间比银行预期而不是获取全部价值,考虑到现在的三大电信公司有足够的光谱为中期运行业务。

惠誉还说,并不是所有的电信公司面临财务困难。“市场领导者,Bharti附近的旅馆,很可能偿还贷款轻松超过10亿美元,它欠银行。沃达丰(Vodafone)和的想法细胞也在合并的过程中他们的行动,这将给新实体市场领先份额,”它说。

根据全球评级机构的资产负债表是拉伸,但合并后的公司不太可能经历严重的问题在偿还债务。

惠誉的索尼说,塔塔电信业务集团的风险公司缺少支付”减轻潜在的母公司,塔塔集团,注入股本。

然而,索尼认为国有BSNL和MTNL可能较弱的位置,尽管几乎所有他们的债务是欠政府。
  • 发表在2017年6月6日,42点坚持
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  • 印度银行的敞口电信公司不足以构成系统性威胁但违约可能会影响实力较弱的银行:惠誉
\"\"
<\/span><\/figcaption><\/figure> Kolkata: Indian banks' exposure to troubled telecom companies is not large enough to pose a systemic threat, but defaults could add to problems at banks with weak balance sheets, global ratings agency, Fitch<\/a> said.
\n
The banking<\/a> sector, it said, is already struggling with significant asset quality issues and is likely to require hefty capital injections from the government over the next couple of years.
\n
The credit profiles of Indian telcos, it said, are under pressure from fierce competition stemming from Reliance Jio<\/a> Infocomm’s entry last year and rising capex required for the rollout of 4G services.
\n
\nAccording to Fitch, some companies could find it difficult to service their debt, which is why, the outlook for the sector is negative.
\n
The global rating agency also expects debt servicing pressure to be most severe at Reliance Communications, (RCom<\/a>), and expects similar problems for Aircel<\/a> and the Tata<\/a>’s group’s telecom businesses (including Tata Teleservices), Nitin Soni<\/a>, director at Fitch Ratings said.
\n
\n“Aircel is in the process of merging its wireless operation with RCom, but the combined entity will still have limited pricing power and high leverage that will constrain its ability to strengthen its network position. We expect both companies to remain under pressure,” Fitch Ratings said in an official statement.
\n
\nIndian banks, it said, already have significant asset quality issues that could be made worse by stress in the telecom sector. However, total debt owed by telcos to banks is only Rs 91,300 crore ($14 billion), accounting for just 1.4% of all bank loans, according to the Reserve Bank of India.
\n
\nAccording to Fitch, banks’ exposure to other troubled sectors is much larger. Lending to iron and steel companies, for example, accounts for 4.7% of total lending. The power sector accounts for 8.7% and the road sector for 2.7%. Loans to telcos, on the contrary, are also generally backed by spectrum assets, which should provide a better chance of recovery than, for example, a steel factory operating below capacity or a power plant that lacks a power purchase agreement. But that said, the sale of spectrum assets might take longer than banks expect and not fetch full value, given that the top-three telcos now have sufficient spectrum to run their operations for the medium term.
\n
Fitch also said that not all telcos face financial difficulties. “Market leader, Bharti Airtel<\/a>, is likely to meet repayments comfortably on the over $1 billion that it owes to banks. Vodafone<\/a> and Idea<\/a> Cellular too are in the process of merging their operations, which will give the new entity a market-leading share,” it said.
\n
\nAccording to the global rating agency, Idea's balance sheet is stretched, but the combined company is unlikely to experience serious problems in servicing its debt.
\n
\nFitch’s Soni said the risk of Tata’s telecom business group companies missing payments “is mitigated by the potential for its parent, the Tata Group, injecting equity.
\n
\nHowever, Soni believes state-run BSNL and MTNL, are likely to be in weaker positions, although nearly all their debt is owed to the government.<\/body>","next_sibling":[{"msid":59012021,"title":"Look who is back to say Hello to Indian Orkut fans","entity_type":"ARTICLE","link":"\/news\/look-who-is-back-to-say-hello-to-indian-orkut-fans\/59012021","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":59012797,"entity_type":"ARTICLE","title":"Indian banks' exposure to telcos not\nlarge enough to pose systemic threat but defaults may hit weaker banks: Fitch","synopsis":"The banking sector, it said, is already struggling with significant asset quality issues and is likely to require hefty capital injections from the government over the next couple of years.","titleseo":"telecomnews\/indian-banks-exposure-to-telcos-not-large-enough-to-pose-systemic-threat-but-defaults-may-hit-weaker-banks-fitch","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2017-06-06 10:42:53","lastupd":"2020-01-06 13:36:00","breadcrumbTags":["Fitch","3G\/4G","Jio","Airtel","telcom","aircel","idea","RCom","Tata","Nitin Soni","Vodafone","Banking"],"secinfo":{"seolocation":"telecomnews\/indian-banks-exposure-to-telcos-not-large-enough-to-pose-systemic-threat-but-defaults-may-hit-weaker-banks-fitch"}}" data-news_link="//www.iser-br.com/news/indian-banks-exposure-to-telcos-not-large-enough-to-pose-systemic-threat-but-defaults-may-hit-weaker-banks-fitch/59012797">