Have negative outlook on telecom sector: Moody's

Moody's has come out with a report titled Indian corporate to see improved credit profiles in 2018. In an interview to CNBC-TV18, Kaustubh Chaubal, Vice President-Corporate Finance Group at Moody's Investors Service discussed in details.

Telecom is the only sector where we have the negative outlook and it is predicated on our expectation that competition will continue and that will likely pressure revenues and profitability and that is likely to continue over the next twelve months, he said.

Speaking on Bharti Airtel, he said that the outlook is negative which indicates one in three likelihood chance that the rating could go down. “If the deleveraging works out as plan as we expect then the outlook could be stabilised but if there is any delay, that would need to be weighed while we rate Bharti,” he added.

For full interview, watch accompanying video...