Risks of Vodafone Idea's financial profile worsening are receding: Lenders

The company's debt continues to remain high and its current financial flexibility continues to remain strained

Lenders of Vodafone Idea Ltd have said the risks of the company’s financial profile worsening further are lower now — thanks to the recent relief package to the telecom sector — and this will further help eliminate the need to hike interest rates, at least for now.
 
Along with infusion of funds, lenders said they expected the promoters to work on tariff revision.
 
Bank executives said they have begun a modelling exercise on Vi’s financial profile that is likely to emerge from the government’s package, which might have created some room for using a part of current cash-flows