Tag: Reliance Communications Limited

Fitch downgrades Reliance Communications Limited’s Default Ratings

Newsroom24x7 Network Singapore/Hong Kong: Fitch Ratings has downgraded India-based Reliance Communications Limited’s (Rcom) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘CCC’ from ‘B+’. Fitch has also downgraded the rating on Rcom’s USD300 million 6.5% senior secured notes due 2020 to ‘CCC/RR4’ from ‘B+/RR4’. The Rating Watch Negative on the IDRs and notes, which

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Indian telecoms auction to witness intense bidding

Newsroom24x7 Desk The Indian telecoms auction starting today is likely to see intense bidding by telcos to retain their existing spectrum and to acquire new spectrum as supply is limited, says Fitch Ratings. Telcos, according to Fitch, are likely to commit at least USD 13bn in the auctions – over 75% of which is likely

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