 "airtel, bharti airtel, airtel payments bank")
Moody’s Investors Service on Tuesday downgraded the credit rating of Bharti Airtel and the unsecured notes issued by its arm Bharti Airtel International (Netherlands) BV mainly on account of uncertainty around the company’s profitability, cash-flow situation and debt levels.
The telco was assigned a credit rating of Ba1. This means obligations are judged to have speculative elements and are subject to substantial credit risk but have a superior ability to repay short-term debt obligations, the agency said in a statement. Ratings range between Aaa, which is the highest, and C, the lowest category.
“Moody’s assigned a Ba1 corporate family rating
