Bharti Airtel has received investment grade rating, with negative outlook, from Global rating agency, Fitch for its proposed billion-dollar bond sale that is in line with the company’s long term rating. The rating agency has assigned Bharti Airtel International (Netherlands) BV’s proposed foreign-currency senior unsecured notes an expected ‘BBB-(EXP)’ rating.
The company has received the negative outlook on account of its ongoing regulatory uncertainty in its Indian operations. The negative outlook continues to reflect ongoing regulatory uncertainty in its Indian operations relating to a one-time charge for excess spectrum (over 6.2 MHz) and spectrum refarming.
