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CRISIL reaffirms ratings of Bharti Airtel’s debt programmes and bank facilities

29 Nov 2014 Evaluate

Credit rating agency, CRISIL has reaffirmed 'AA+/Stable/A1+' ratings on the debt programmes and bank facilities of Bharti Airtel. The ratings continue to reflect Bharti Airtel's dominant market position in the telecommunications (telecom) sector in India, along with healthy operating efficiencies in India and Africa. The ratings also factor in the strong financial flexibility and strategic measures initiated by Bharti Airtel to reduce its debt.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.

Peers
Company Name CMP
Bharti Airtel 1832.30
Vodafone Idea 13.94
Indus Towers 379.10
Tata Communications 1742.25
Railtel Corp. India 261.15
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