Credit rating agency CARE has revised the rating of Vodafone Idea’s long term bank facilities and Non convertible debentures (NCDs) from AA (Outlook Negative) to AA- (Outlook Negative).The agency has also reaffirmed rating of Short-term Bank facilities and Commercial papers A1 +.
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.
