Fri, Jan 27, 2017
Chiara said, " We still expect Bharti's cash flow from operations and monetisation opportunities -- including divestments in subsidiaries -- to reduce absolute debt levels permanently to expedite deleveraging towards 3x over next 6 months. Bharti has no headroom for any delay in its deleveraging plans,."
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Thu, Jan 26, 2017
Saranga Ranasinghe a Moody's Assitant Vice President and analysts said, “The downgrades reflects our expectation that the operating environment for the Indian real estate sector will continue to remain weak post the demonetisation exercise that tool place in November 2016. Weak operating conditions will continue to pressure LDPL's sales performance over the next 12-18 months.”
Annalisa Di Chiara a Moody's Vice President and Senior Credit Officer said,”The downgrade primarily reflects our expectation that RCom's leverage, as measured by consolidated debt/EBITDA (including Moody's adjustment for spectrum liabilities) will remain above 7x over the next 6-9 months while the company pursues regulatory, shareholder and debt holder approvals for its announced restructuring, including the de-merger of its wireless business and sale of its tower assets.”
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