\"\"NEW DELHI: Tata Teleservices Limited (TTSL) could see a reduction in their cost of borrowing with ratings agency Care revising their ratings grades for different loan facilities, using which it had raised Rs 6746.11 crore earlier.
\n
Care Ratings has upgraded ratings of Tata Teleservices Maharashtra Limited (TTML<\/a>) by one notch across different credit facilities including long term bank loan, short term loans, non-fund based short term bank guarantees and fund-based cash credit, Tata Teleservices’ listed entity TTML said in regulatory filing on Friday.
\n
\nThe bulk of the borrowings – Rs 5,001 crore – have been done through long term bank loan and are set to mature in 2028. Its rating and that of cash credit of Rs 140 crore, has been revised to A+ from A-. The non-fund based short term bank guarantee of Rs 1,005 crore’s rating and short term loan of Rs 600 crore’s rating was bettered to A1+ from A2+.
\n
The ratings agency gave several reasons including financial backing from the Tata Group, which could lead to faster repayments of its existing loans, and TTSL’s decision to sell off its consumer business to
Bharti Airtel<\/a>, for improving the ratings.
\n
Tata Tele<\/a> has been continuously receiving financial and managerial support from Tata Sons. The promoters have made large investments in Tata Tele to funds its losses as well as for capital expenditure,” the agency said in the filing submitted by TTML to the Bombay Stock Exchange on Friday.
\n
\nALSO READ:
Tata Tele outperforms Reliance Jio by adding close to 5 million new users<\/a><\/strong>
\n
\n“Along with the announcement of the deal with Bharti Airtel for the sale of its consumer wireless business on a cash free debt free basis, Tata Sons has committed to infuse in FY18, Rs 20,000 crore into Tata Tele to largely repay a part of its term loans as well as to meet its other liabilities. The demonstrated support and commitment of funds from Tata Sons is credit positive for Tata Tele,” the agency added.
\n
\nTTSL last month announced the sale of its consumer mobile business to Bharti Airtel. The debt laden TTSL was entangled in a legal tussle since April 2014, when Japanese firm NTT Docomo decided to sell its entire 26.5% stake in Tata Teleservices and withdraw from the telecom operator in India.
\n
\nTheir group company, Tata Sons, paid $1.2 billion to NTT Docomo last week and brought an end to a long standing tussle between the two operators.
\n
\nThe ratings of Tata Tele centrally derive comfort from the support of Tata Sons, Care Ratings said.
\n
\nIt added that parent company Tata Sons will work with TTSL in case it needs :to organise for any shortfall in liquidity, to meet external liabilities in timely manner, as may be required'. The ratings on the bank facilities of TTML continue on ‘Credit Watch with Developing Implications’ post the operator's announcement to merge its wireless business with Bharti Airtel.
\n
It added that while the ratings factor in the 'financial flexibility enjoyed by the company by virtue of being part of the Tata Group', they have been moderated because of the losses, high debt funded capital expenditure and intense competition in the
industry<\/a>.<\/body>","next_sibling":[{"msid":61595446,"title":"Monitoring all offers, including bundled and cashback: TRAI","entity_type":"ARTICLE","link":"\/news\/monitoring-all-offers-including-bundled-and-cashback-trai\/61595446","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":61597026,"entity_type":"ARTICLE","title":"TTSL could see a reduction in cost of borrowing","synopsis":"Tata Teleservices Limited (TTSL) could see a reduction in their cost of borrowing with ratings agency Care revising their ratings grades for different loan facilities, using which it had raised Rs 6746.11 crore earlier.","titleseo":"telecomnews\/ttsl-could-see-a-reduction-in-cost-of-borrowing","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":142,"shares":0,"engagementtimems":686000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2017-11-10 20:35:45","lastupd":"2017-11-10 20:40:13","breadcrumbTags":["Tata Tele","Tata Tele Services","TTML","industry","Bharti Airtel"],"secinfo":{"seolocation":"telecomnews\/ttsl-could-see-a-reduction-in-cost-of-borrowing"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2017-11-10" data-index="article_1">

TTSL可以看到降低借贷成本

塔塔电信业务有限公司(TTSL)可能会减少他们的借贷成本与评级机构照顾他们修改评级等级不同的贷款安排,使用它提高了6746.11卢比。

  • 更新于2017年11月10日08:40点坚持
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新德里:塔塔电信业务有限公司(TTSL)可能会减少他们的借贷成本与评级机构照顾他们修改评级等级不同的贷款安排,使用它提高了6746.11卢比。

保健评级上调评级的塔塔电信业务马哈拉施特拉邦有限公司(TTML)一个级距不同信贷设施包括长期银行贷款、短期贷款、non-fund基于短期银行信贷担保和基金)现金,塔塔电信业务的上市实体TTML周五监管文件中称。

大量的借款- 5001卢比已经通过长期银行贷款,并在2028年将成熟。其信用评级和现金140卢比,修正从A - A +。基于non-fund的短期银行担保1005卢比的评级和短期贷款600卢比的评级是被虐A1 + A2 +。

评级机构给几个原因包括塔塔集团的资金支持,这可能导致更快地偿还其现有贷款,和TTSL决定出售其消费者业务Bharti Airtel为提高收视率。

塔塔电视不断收到来自塔塔桑的财务和管理支持。塔塔Tele发起人投入资金损失和资本支出,”该机构表示在文件中提交的TTML周五孟买证交所。

还读:塔塔Tele优于信实Jio通过增加近500万新用户

“随着宣布处理Bharti Airtel消费者出售其无线业务的现金自由债务自由基础上,塔塔的儿子已承诺在FY18注入,20000卢比到塔塔Tele主要偿还期限贷款的一部分,以及履行其他负债。展示了支持和承诺的资金从塔塔桑塔塔Tele信用积极,”该机构说。

TTSL上月宣布出售其消费者移动业务Bharti Airtel。债务拉登TTSL纠缠于2014年4月以来的法律争斗,当日本NTT Docomo公司决定出售其整个塔塔电信业务26.5%的股权,退出印度的电信运营商。

集团公司、塔塔的儿子上周支付了12亿美元NTT Docomo和结束了长期以来两家运营商之间的争斗。

塔塔的评级Tele集中安慰来自塔塔桑的支持,关心的评级说。

它补充道,母公司Tata Sons将与TTSL以防需要:组织对任何在流动性短缺,及时满足对外负债,可能需要”。评级的银行设施TTML继续与发展中影响信用观察的邮政运营商宣布合并与Bharti Airtel的无线业务。

它补充道,尽管评级因素的财务灵活性的公司由于是塔塔集团的一部分,他们已经放缓,因为损失,高负债资金资本支出和激烈的竞争行业
  • 发布于2017年11月10日08:35点坚持
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\"\"NEW DELHI: Tata Teleservices Limited (TTSL) could see a reduction in their cost of borrowing with ratings agency Care revising their ratings grades for different loan facilities, using which it had raised Rs 6746.11 crore earlier.
\n
Care Ratings has upgraded ratings of Tata Teleservices Maharashtra Limited (TTML<\/a>) by one notch across different credit facilities including long term bank loan, short term loans, non-fund based short term bank guarantees and fund-based cash credit, Tata Teleservices’ listed entity TTML said in regulatory filing on Friday.
\n
\nThe bulk of the borrowings – Rs 5,001 crore – have been done through long term bank loan and are set to mature in 2028. Its rating and that of cash credit of Rs 140 crore, has been revised to A+ from A-. The non-fund based short term bank guarantee of Rs 1,005 crore’s rating and short term loan of Rs 600 crore’s rating was bettered to A1+ from A2+.
\n
The ratings agency gave several reasons including financial backing from the Tata Group, which could lead to faster repayments of its existing loans, and TTSL’s decision to sell off its consumer business to
Bharti Airtel<\/a>, for improving the ratings.
\n
Tata Tele<\/a> has been continuously receiving financial and managerial support from Tata Sons. The promoters have made large investments in Tata Tele to funds its losses as well as for capital expenditure,” the agency said in the filing submitted by TTML to the Bombay Stock Exchange on Friday.
\n
\nALSO READ:
Tata Tele outperforms Reliance Jio by adding close to 5 million new users<\/a><\/strong>
\n
\n“Along with the announcement of the deal with Bharti Airtel for the sale of its consumer wireless business on a cash free debt free basis, Tata Sons has committed to infuse in FY18, Rs 20,000 crore into Tata Tele to largely repay a part of its term loans as well as to meet its other liabilities. The demonstrated support and commitment of funds from Tata Sons is credit positive for Tata Tele,” the agency added.
\n
\nTTSL last month announced the sale of its consumer mobile business to Bharti Airtel. The debt laden TTSL was entangled in a legal tussle since April 2014, when Japanese firm NTT Docomo decided to sell its entire 26.5% stake in Tata Teleservices and withdraw from the telecom operator in India.
\n
\nTheir group company, Tata Sons, paid $1.2 billion to NTT Docomo last week and brought an end to a long standing tussle between the two operators.
\n
\nThe ratings of Tata Tele centrally derive comfort from the support of Tata Sons, Care Ratings said.
\n
\nIt added that parent company Tata Sons will work with TTSL in case it needs :to organise for any shortfall in liquidity, to meet external liabilities in timely manner, as may be required'. The ratings on the bank facilities of TTML continue on ‘Credit Watch with Developing Implications’ post the operator's announcement to merge its wireless business with Bharti Airtel.
\n
It added that while the ratings factor in the 'financial flexibility enjoyed by the company by virtue of being part of the Tata Group', they have been moderated because of the losses, high debt funded capital expenditure and intense competition in the
industry<\/a>.<\/body>","next_sibling":[{"msid":61595446,"title":"Monitoring all offers, including bundled and cashback: TRAI","entity_type":"ARTICLE","link":"\/news\/monitoring-all-offers-including-bundled-and-cashback-trai\/61595446","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":61597026,"entity_type":"ARTICLE","title":"TTSL could see a reduction in cost of borrowing","synopsis":"Tata Teleservices Limited (TTSL) could see a reduction in their cost of borrowing with ratings agency Care revising their ratings grades for different loan facilities, using which it had raised Rs 6746.11 crore earlier.","titleseo":"telecomnews\/ttsl-could-see-a-reduction-in-cost-of-borrowing","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":142,"shares":0,"engagementtimems":686000},"Alttitle":{"minfo":""},"artag":"ETTelecom","artdate":"2017-11-10 20:35:45","lastupd":"2017-11-10 20:40:13","breadcrumbTags":["Tata Tele","Tata Tele Services","TTML","industry","Bharti Airtel"],"secinfo":{"seolocation":"telecomnews\/ttsl-could-see-a-reduction-in-cost-of-borrowing"}}" data-news_link="//www.iser-br.com/news/ttsl-could-see-a-reduction-in-cost-of-borrowing/61597026">