Shyam Telelink gets rating by ICRA

MUMBAI, INDIA: Shyam Telelink Limited (STL), the latest entrant in the Indian telecom space, has been assigned LAA- (SO) rating by ICRA for its Rs 4.8 billion term-loan programme.

LAA is the high-credit-quality rating assigned by ICRA and denotes that the rating instrument carries low credit risk.

“The ICRA rating achieved is a reflection of the financial strength and stability of the company,” said Sergey Savachenco, CFO, Shyam Telelink Limited.

“Even in the present market scenario and economic downturn, the prospects for STL are quite good and the rating reinforces our understanding and expectation of the Indian market space.”

Shyam Telelink Limited (STL) is a joint venture between Sistema (LSE: SSA) of Russia and India’s Shyam Group.