Fitch rates Exicom Tele-Systems BB(ind)

Fitch Ratings said it assigned Exicom Tele-Systems Ltd. a national long-term rating of BB(ind), along with ratings of BB(ind)/F4(ind) to the company's fund-based limits of Rs. 100 million and a F4(ind) rating to its non-fund-based limits of Rs. 300 million.

The outlook is stable.

The ratings reflect the company's long-standing relationship with public sector undertakings, such as Bharat Sanchar Nigam Ltd. and Mahanagar Telephone Nigam Ltd.

Even though company has moderate capital expenditure plans in the medium-term, gross financial leverage is expected to remain low, Fitch said.

The ratings are constrained by its small scale of operations, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.