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ICRA downgrades Bharti Airtel's long term rating from "AA" to "AA-"

The ratings continue to remain under watch with negative, ICRA said in a statement

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Telecom Bharti Airtel | ICRA

Abhijit Lele  |  Mumbai 



Bharti Airtel narrows its revenue gap with Reliance Jio in March quarter

Rating agency has downgraded Bharti Airtel Ltd's long-term rating from "AA" to "AA-"on higher than anticipated provision for dues towards license fees on adjusted gross revenues (AGR) and spectrum usage charge. These provisions were in the second quarter of current financial year (Q2Fy20) after Supreme Court pronounced verdict on payments of dues towards AGR.

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First Published: Mon, November 25 2019. 21:48 IST

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