Ratings firm Fitch has affirmed Bharti Airtel’s credit rating at ‘BBB-’ with stable outlook, citing around 31-33 per cent revenue market share despite intense competition and expectations of recovery in its mobile business.
‘BBB’ ratings indicate that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate, but adverse business or economic conditions are more likely to impair this capacity. The suffix minus indicates chances of a rating downgrade.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
