RCom’s leverage metrics will be further pressured if it participates in auctions: Moody’s
Ratings firm Moody's Friday said that Reliance Communications (RCom) outlook will remain negative but the company’s FY 2015-16 results can be accommodated in its Ba3 corporate family rating and senior secured rating. RCom's consolidated revenues for Q4 ended March 2016 were up 3.8% year-on-year (YoY) to around Rs 59 billion. Revenues from India operations, -- the largest contributor -- were up 6.5% over the same period. In India, a decline of... Read More
