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Mahanagar Telephone Nigam Limited ( (IN:MTNL) ) has issued an announcement.
Mahanagar Telephone Nigam Limited (MTNL) has received a credit rating update from Crisil Ratings Limited, which continues to place its long-term debt instruments on ‘Rating Watch with Negative Implications’. This follows previous issues with adherence to the structured payment mechanism for government-guaranteed bonds, despite recent improvements in compliance. The company’s financial performance has been impacted by a decline in operating revenue, attributed to a service agreement with Bharat Sanchar Nigam Ltd (BSNL) that led to customer migration. The rating remains supported by the Government of India’s guarantee and a trustee-administered payment mechanism, but further non-adherence could lead to a downgrade.
More about Mahanagar Telephone Nigam Limited
Mahanagar Telephone Nigam Limited (MTNL) is a government-owned enterprise operating in the telecommunications industry. It primarily provides telecommunication services in the metropolitan areas of Delhi and Mumbai, India. MTNL’s market focus includes fixed-line telephony, mobile services, and broadband services.
Average Trading Volume: 152,664
Technical Sentiment Signal: Hold
Current Market Cap: 24.34B INR
Find detailed analytics on MTNL stock on TipRanks’ Stock Analysis page.