$\"\"$ NEW DELHI: Moody's<\/a> Investors Service Thursday downgraded Reliance Communications' (RCom<\/a>) ratings outlook to negative from stable, citing delays in the sale of its non-core assets.
\n
\n“The change in outlook to negative from stable reflects persistent delays in the company's sale of non-core assets, which underpins its deleveraging strategy,” Moody’s in a statement said.
\n
\nRComs' stock ended Thursday down 1.5% at Rs50,20 on the Bombay Stock Exchange, underperforming the broader markets.
\n
\n\"There is unlikely to be a material improvement in leverage, as well as associated liquidity and refinancing pressures over the next 6-9 months, even if the company announces a binding tower sale transaction this quarter,\" Nidhi Dhruv, Moody's Vice President and Senior Analyst said.
\n
The rating firm believes that upon the completion of the share swap transaction with Sistema Shyam Teleservices<\/a>, RCom will have adequate spectrum but added if the telco participate in the upcoming spectrum sale, its leverage metrics will be further pressured.
\n
\nRCOM, according to Moody’s, also continues to have a strained liquidity profile, with the company remaining reliant on recurring covenant waivers due to its high leverage.
\n
\nThere is also an ongoing need to refinance upcoming debt maturities, including $450 million in debt falling due in the quarter ending June 30, 2016. \"This includes a $350 million ECB facility at Reliance Infratel which is guaranteed by RCOM and has a cross-default with other debt,\" added Dhruv.
\n
The firm has also pointed out that there have been some positive developments over the last three months, including spectrum trading and sharing agreement with Mukesh Ambani’s Reliance Jio<\/a> Infocomm and imminent completion of the share swap with SSTL<\/a>.
\n
\nBenefits of spectrum agreement will start accruing to RCom with transition of its CDMA subscribers to LTE, however meaningful financial and operational benefits will only accrue upon the, yet to be commercially launched 4G services by R Jio.
\n
\nThe negative outlook reflects the house view that ongoing delays in RCom's rollout of its deleveraging plans will keep its financial and credit profile strained over the near term. Moody's will closely review the progress on RCOM's stated plans over the next 6-9 months, it said.
\n
\n\n<\/body>","next_sibling":[{"msid":51730351,"title":"GSM telcos want SUC at a flat 3% now, 1% eventually; Reliance Jio differs","entity_type":"ARTICLE","link":"\/news\/gsm-telcos-want-suc-at-a-flat-3-now-1-eventually-reliance-jio-differs\/51730351","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":51730544,"entity_type":"ARTICLE","title":"Moody's lowers RComs' ratings outlook to negative from stable","synopsis":"The firm has also pointed out that there have been some positive developments over the last three months, including spectrum trading and sharing agreement with Mukesh Ambani\u2019s Reliance Jio Infocomm and imminent completion of the share swap with SSTL.","titleseo":"telecomnews\/moodys-lowers-rcoms-ratings-outlook-to-negative-from-stable","status":"ACTIVE","authors":[{"author_name":"Muntazir Abbas","author_link":"\/author\/479234376\/muntazir-abbas","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479234376.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479234376,"author_name":"Muntazir Abbas","author_seo_name":"muntazir-abbas","designation":"Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2016-04-07 19:24:25","lastupd":"2016-04-07 22:27:31","breadcrumbTags":["RCom","industry","Moody's","Sistema Shyam Teleservices","SSTL","Reliance Jio"],"secinfo":{"seolocation":"telecomnews\/moodys-lowers-rcoms-ratings-outlook-to-negative-from-stable"}}" data-authors="[" muntazir abbas"]" data-category-name="" data-category_id="" data-date="2016-04-07" data-index="article_1">

Telecom乐动扑克News

穆迪降低了信实电信的评级前景从稳定调为负面

该公司还指出,也有一些积极进展在过去的三个月,包括频谱交易和穆凯什•安巴尼和共享协议的依赖Jio Infocomm和萨里即将完成换股。

更新于2016年4月7日下午10点坚持

新德里消息:穆迪投资者服务公司周四下调Reliance Communications”(信实电信)评级前景从稳定调为负面,因延迟出售非核心资产。

“前景从稳定调为负面的变化反映了持续的延迟在公司的出售非核心资产,巩固其去杠杆化战略,”穆迪在一份声明中说。

信实电信的股票周四收跌1.5%,报卢比,20孟买证交所,表现不佳的更广泛的市场。

“不太可能利用的物质进步,以及相关的流动性和融资压力,未来6 - 9个月,即使该公司宣布一项有约束力的塔本季度交易,”怀Dhruv,穆迪副总裁和高级分析师说。

评级公司认为,在换股交易的完成Sistema Shyam电信业务信实电信将有足够的频谱但补充说,如果电信参与即将到来的频谱拍卖,其杠杆率指标的压力会更大。

,据穆迪RCOM还继续有一个紧张的流动性,与该公司剩余的依赖重复约豁免由于其高杠杆。

还有一个正在进行的需要为即将到来的债务进行再融资期限,包括4.5亿美元的债务到期在截至6月30日的季度2016。“这包括3.5亿美元的央行设施依赖鼓吹由RCOM保证和与其他交互不履行债务,“Dhruv补充道。

该公司还指出,也有一些积极进展在过去的三个月,包括频谱交易和穆凯什•安巴尼的共享协议依赖JioInfocomm和即将完成换股萨里。

频谱的协议将开始积累与RCom CDMA用户LTE的过渡,但是有意义的财务和运营收益只会积累的,没有被R Jio商业推出4 g服务。

负面展望反映了房子认为持续的延迟推出的去杠杆化RCom计划将其金融和信贷紧张短期内。穆迪将密切审查进展信实电信的既定计划在未来6 - 9个月,。

发布于2016年4月7日07:24点坚持

$\"\"$ NEW DELHI: Moody's<\/a> Investors Service Thursday downgraded Reliance Communications' (RCom<\/a>) ratings outlook to negative from stable, citing delays in the sale of its non-core assets.
\n
\n“The change in outlook to negative from stable reflects persistent delays in the company's sale of non-core assets, which underpins its deleveraging strategy,” Moody’s in a statement said.
\n
\nRComs' stock ended Thursday down 1.5% at Rs50,20 on the Bombay Stock Exchange, underperforming the broader markets.
\n
\n\"There is unlikely to be a material improvement in leverage, as well as associated liquidity and refinancing pressures over the next 6-9 months, even if the company announces a binding tower sale transaction this quarter,\" Nidhi Dhruv, Moody's Vice President and Senior Analyst said.
\n
The rating firm believes that upon the completion of the share swap transaction with Sistema Shyam Teleservices<\/a>, RCom will have adequate spectrum but added if the telco participate in the upcoming spectrum sale, its leverage metrics will be further pressured.
\n
\nRCOM, according to Moody’s, also continues to have a strained liquidity profile, with the company remaining reliant on recurring covenant waivers due to its high leverage.
\n
\nThere is also an ongoing need to refinance upcoming debt maturities, including $450 million in debt falling due in the quarter ending June 30, 2016. \"This includes a $350 million ECB facility at Reliance Infratel which is guaranteed by RCOM and has a cross-default with other debt,\" added Dhruv.
\n
The firm has also pointed out that there have been some positive developments over the last three months, including spectrum trading and sharing agreement with Mukesh Ambani’s Reliance Jio<\/a> Infocomm and imminent completion of the share swap with SSTL<\/a>.
\n
\nBenefits of spectrum agreement will start accruing to RCom with transition of its CDMA subscribers to LTE, however meaningful financial and operational benefits will only accrue upon the, yet to be commercially launched 4G services by R Jio.
\n
\nThe negative outlook reflects the house view that ongoing delays in RCom's rollout of its deleveraging plans will keep its financial and credit profile strained over the near term. Moody's will closely review the progress on RCOM's stated plans over the next 6-9 months, it said.
\n
\n\n<\/body>","next_sibling":[{"msid":51730351,"title":"GSM telcos want SUC at a flat 3% now, 1% eventually; Reliance Jio differs","entity_type":"ARTICLE","link":"\/news\/gsm-telcos-want-suc-at-a-flat-3-now-1-eventually-reliance-jio-differs\/51730351","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":51730544,"entity_type":"ARTICLE","title":"Moody's lowers RComs' ratings outlook to negative from stable","synopsis":"The firm has also pointed out that there have been some positive developments over the last three months, including spectrum trading and sharing agreement with Mukesh Ambani\u2019s Reliance Jio Infocomm and imminent completion of the share swap with SSTL.","titleseo":"telecomnews\/moodys-lowers-rcoms-ratings-outlook-to-negative-from-stable","status":"ACTIVE","authors":[{"author_name":"Muntazir Abbas","author_link":"\/author\/479234376\/muntazir-abbas","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479234376.cms?width=100&height=100","author_additional":{"thumbsize":true,"msid":479234376,"author_name":"Muntazir Abbas","author_seo_name":"muntazir-abbas","designation":"Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2016-04-07 19:24:25","lastupd":"2016-04-07 22:27:31","breadcrumbTags":["RCom","industry","Moody's","Sistema Shyam Teleservices","SSTL","Reliance Jio"],"secinfo":{"seolocation":"telecomnews\/moodys-lowers-rcoms-ratings-outlook-to-negative-from-stable"}}" data-news_link="//www.iser-br.com/news/moodys-lowers-rcoms-ratings-outlook-to-negative-from-stable/51730544">

我们使用cookie,以确保适合你的经验

选择我接受,或继续在网站上,你同意我们使用饼干和条款和条件。

穆迪降低了信实电信的评级前景从稳定调为负面

评论

我们使用cookie,以确保适合你的经验

选择我接受,或继续在网站上,你同意我们使用饼干和条款和条件。

穆迪降低了信实电信的评级前景从稳定调为负面

评论

所有评论

找到这个评论进攻?

加入2 m +行业专业人士的社区

订阅我们的通讯最新见解与分析。乐动扑克

下载ETTelec乐动娱乐招聘om应用