Fitch rates Sistema Shyam loan A-(ind)

Fitch Ratings said it assigned Sistema Shyam Teleservices Ltd.'s second tranche of Rs. 13 billion term loan a national long-term rating of A-(ind)(SO). The agency also affirmed its first tranche of Rs. 13 billion term loan at A-(ind)(SO). Both the tranches are part of the sanctioned term loans of Rs. 30 billion from a consortium led by State Bank of India

The ratings are based solely on an unconditional and irrevocable corporate guarantee from the parent, Sistema JSFC, which owns a 73.7% stake.

© 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.