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CRISIL downgrades rating of Vodafone Mobile Service's NCDs worth Rs 6K cr

Press Trust of India  |  New Delhi 

Idea said Thursday that CRISIL has downgraded the rating on non-convertible debentures of Rs 6,000 crore and has re-affirmed its rating on commercial paper of Rs 2000 crore of erstwhile Mobile Services.

"CRISIL vide its communication uploaded on its website today, has downgraded its rating on non-convertible debentures of Rs 6,000 crore and has re-affirmed its rating on of Rs 2,000 crore of erstwhile Mobile Services Limited (VMSL), which has since been migrated to (the Company) pursuant to amalgamation of VMSL with the Company," a BSE filing said.

According to statement, the rating of Non-Convertible Debentures has been downgraded to CRISIL A+ (Negative Outlook) from existing CRISIL AA- (Negative Outlook).

The rating for commercial paper programme has been re-affirmed at CRISIL A1+.

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

First Published: Thu, November 29 2018. 22:20 IST
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