Fitch2010年6月印度金融市场研究报告.pdf

Corporates • Banks Finance Companies • Securitisation • Asset Management • Public Finance Indian Ratings June 2010 Monthly circles as of March 2010, and two more Contents Fitch: India’s 3G Auction operators having recently launched Fitch: India’s 3G Auction Adds to Telecom Adds to Telecom Sector operations. In addition, a fragmented Sector Credit Woes 1 win of 3G licenses across the 22 circles Rating Actions – May 2010 2 Credit Woes suggests that the competitive intensity Conferences/Teleconferences/Fitch Friday 3 is unlikely to abate in the near term. Rating Actions Summary – June 2010 4 Fitch Ratings says that India’s F – Select Research 4 third-generation (3G) licences and The 3G spectrum on 2.1Ghz bundled What’s New 5 spectrum auction will have a negative with the 3G licence will be allotted to New Ratings 5 impact on the credit metrics of most the winners during the second half of New Issuances 5 private telecom operators in the financial year 2010 (H2FY10). The Affirmations 5 short- to medium- term. In a Special key benefits to the auction’s winn