| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers S > Headlines for Smartfren Telecom Tbk > News item |
Fitch affirms Smartfren Telecom
Fitch Ratings said it affirmed PT Smartfren Telecom Tbk.'s national long-term rating at CCC(idn).
The agency said the rating is driven by weak cash flow generation and inability to service debt without raising new capital.
“We expect the company's EBITDA generation to remain inadequate to cover interest expense in the next 18-24 months,” Fitch said in a news release.
“Poor cash flow generation forces Smartfren to rely on external liquidity sources to cover its cash shortfall for working capital, capex and debt servicing.
“The rating also reflects the company's limited financial flexibility due to its high credit risk.”
© 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.