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Vodafone Idea gets revision in credit ratings from India Ratings & Research

Capital Market 

Idea announced that Ratings and Research (Ind-Ra) re-affirmed its rating on of Rs. 2,000 crore of erstwhile (VoIL) and on of Rs. 2,000 crore of erstwhile Mobile Services (VMSL) and has downgraded its rating on of Rs. 6,000 crore of erstwhile ( The ratings on VoIL and stand withdrawn.

The revised credit ratings, now assigned to the Company are as under:

Non Convertible Debentures (Rs 6000 crore) - IND AA-/Negative (Revised from IND AA+/ Negative)

Commercial Paper (Rs 4000 crore) - IND A1+ (Reaffirmed)

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 05 2018. 09:20 IST