Do you have a DC VCC?, because as you say, its a ring, so turning on the transistor, when the pulse is +ve will cause the transistor to conduct and absorb energy. The question is, what happens when the ring goes negative?, the collector base junction will be forward biassed and current will have to be supplied by the base circuit, through the base collector junction, to the negative ring. This will depress the base voltage to negative and reverse bias the base emitter junction, which will then punch through. I would include a high voltage diode in series with the collector to block the negative volts. It will increase the ringing time but will protect your transistor, as the negative volts will be held off the transistor. or you could use a P-N-P transistor as well to deal with the negative rings.
frank