Credit rating agency -- Moody's has upgraded Bharti Airtel’s credit rating outlook to positive from stable, reflecting improvement in its financial performance and growth potential. Moody's has affirmed Bharti's Ba1 corporate family rating (CFR) and senior unsecured rating, and the Ba1 rating on the backed senior unsecured notes issued by Bharti Airtel International (Netherlands) BV.
The outlook change to positive reflects Bharti's improving operating performance and credit metrics which, if sustained, could support an upgrade to investment grade within the next 12-18 months. The upgrade comes a day after the company took the lead by hiking mobile call and services rates in the range of 20-25 per cent.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
