NEW DELHI: After seeing a smart rally earlier in the week, shares of Bharti<\/a> Airtel<\/a> shed 2 per cent in Friday's session after Fitch ratings<\/a> said that outlook on the company’s Issuer Default Rating<\/a> was negative while affirming the telecom major’s long-term foreign currency IDR and senior unsecured rating at ‘BBB’-.

The company’s scrip fell to a low of Rs 749.05 as against the previous close of Rs 764.95 on the BSE.

“The
Negative Outlook<\/a> does not reflect our view of Bharti's underlying credit profile – which has been improving on strong growth in Indian and African wireless operations-but rather the heightened probability that India’s (BBB-\/Negative) Country Ceiling of ‘BBB-‘ could be lowered to ‘BB+’. Such an action would constrain Bharti’s IDR and senior issue ratings to ‘BB+’,” Fitch said in a release on Thursday.

Fitch estimates Bharti’s funds from operations (FFO) net leverage at 1.8-2.0 times in the current financial year. This is much below the net leverage threshold of 2.5 times, which, if crossed would prompt the rating agency to take ‘negative rating action’.

The agency expects Airtel’s revenue for the current financial year to rise by 10-12 per cent and the earnings before interest taxes depreciation and amortization (EBITDA) to grow 20-22 per cent on account of improvement in the domestic wireless market as well as robust growth in African markets.

In the first six months of the current financial year, Bharti Airtel’s consolidated revenue and EBITDA climbed 14 per cent and 32 per cent year-on-year, respectively, with the company adding 30 million subscriber additions.

On Monday, shares of Airtel had jumped 5 per cent after the company raised tariff rates for pre-paid plans. The scrip went on to add 3 per cent on Wednesday after Moody’s affirmed the company’s Ba1 corporate rating.
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Bharti Airtel下降2%,此前惠誉对发行人违约评级前景消极的说

惠誉估计,Bharti的资金操作基于来自营运资金流量的净财务杠杆在当前财政年度的1.8 - -2.0倍。

Bhaskar Dutta
  • 2021年11月26日更新是46点

新德里:本周早些时候,在看到一个聪明的集会的股票Bharti附近的旅馆下跌2%后在周五的会议惠誉国际评级(Fitch ratings)说对公司的前景发行人违约评级是消极而肯定电信主要的长期外币印尼盾和高级无担保评级的BBB -。

公司的代币跌至低点749.05 Rs 764.95之前关闭的Rs疯牛病。

负面展望并不能反映我们的观点Bharti的潜在的信用资质——一直在提高无线操作,但是在印度和非洲,而强劲增长的高度概率,印度(BBB - / -)国家上限可以降低“BBB -”“BB +”。这样的行动将限制Bharti的印尼盾和高级问题“BB +”评级,"惠誉周四在一份新闻稿中说。

广告
惠誉估计,Bharti的资金操作基于来自营运资金流量的净财务杠杆在当前财政年度的1.8 - -2.0倍。这远低于净杠杆阈值的2.5倍,如果交叉将促使评级机构采取“负面评级行动”。

该机构预计Airtel当前财政年度的收入上升百分之10 - 12和利息税收折旧和摊销前收益(EBITDA)增长百分之-国内无线市场的改善以及非洲市场的强劲增长。

在当前财年的头六个月,Bharti Airtel的综合收入和息税前利润同比上涨14%和32%,分别与该公司增加3000万订户增加。

周一,Airtel股价已上涨5%,此前该公司上调关税税率预付费计划。周三的代币继续添加3%,此前穆迪确认了公司的Ba1公司评级。

  • 2021年11月26日发布的是46点
是第一个发表评论。
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NEW DELHI: After seeing a smart rally earlier in the week, shares of Bharti<\/a> Airtel<\/a> shed 2 per cent in Friday's session after Fitch ratings<\/a> said that outlook on the company’s Issuer Default Rating<\/a> was negative while affirming the telecom major’s long-term foreign currency IDR and senior unsecured rating at ‘BBB’-.

The company’s scrip fell to a low of Rs 749.05 as against the previous close of Rs 764.95 on the BSE.

“The
Negative Outlook<\/a> does not reflect our view of Bharti's underlying credit profile – which has been improving on strong growth in Indian and African wireless operations-but rather the heightened probability that India’s (BBB-\/Negative) Country Ceiling of ‘BBB-‘ could be lowered to ‘BB+’. Such an action would constrain Bharti’s IDR and senior issue ratings to ‘BB+’,” Fitch said in a release on Thursday.

Fitch estimates Bharti’s funds from operations (FFO) net leverage at 1.8-2.0 times in the current financial year. This is much below the net leverage threshold of 2.5 times, which, if crossed would prompt the rating agency to take ‘negative rating action’.

The agency expects Airtel’s revenue for the current financial year to rise by 10-12 per cent and the earnings before interest taxes depreciation and amortization (EBITDA) to grow 20-22 per cent on account of improvement in the domestic wireless market as well as robust growth in African markets.

In the first six months of the current financial year, Bharti Airtel’s consolidated revenue and EBITDA climbed 14 per cent and 32 per cent year-on-year, respectively, with the company adding 30 million subscriber additions.

On Monday, shares of Airtel had jumped 5 per cent after the company raised tariff rates for pre-paid plans. The scrip went on to add 3 per cent on Wednesday after Moody’s affirmed the company’s Ba1 corporate rating.
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