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Fitch Ratings affirms Bharti Airtel’s Foreign Currency IDR at ‘BBB-’

29 May 2017 Evaluate

Credit rating agency, Fitch Ratings has affirmed Bharti Airtel’s Long Term Foreign Currency Issuer Default Rating (IDR) and senior unsecured rating at ‘BBB-’. The outlook on the IDR is stable. The company’s ‘BBB-’ rating reflects its established market leadership in the Indian wireless services industry. The agency has also affirmed the ratings on Bharti Airtel International (Netherlands) bonds.

Bharti Airtel is a leading global telecommunications company with operations in 17 countries across Asia and Africa. The company ranks amongst the top 3 mobile service providers globally in terms of subscribers.

Peers
Company Name CMP
Bharti Airtel 1817.00
Vodafone Idea 14.26
Indus Towers 381.50
Tata Communications 1693.20
Railtel Corp. India 263.70
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