Bharti Airtel Ltd.

Global rating agency, Fitch Ratings has revised Bharti Airtel’s outlook to stable from negative. Its long-term foreign currency Issuer Default Rating (IDR) has been affirmed at ‘BBB-’. The rating agency has also assigned a foreign-currency senior unsecured rating of ‘BBB-’. The agency has also affirmed the company’s International (Netherlands) B.V’s $1.5 billion 5.125% guaranteed senior unsecured notes due 2023 at ‘BBB-’.

On consolidated basis, the group has reported a fall of 49.44% in its net profit at Rs 508.60 crore in quarter under review as compared to Rs 1005.90 crore in same period previous year.  However, total income on consolidated basis has increased by 9.19% to Rs 20460.40 crore as against Rs 18738.80 crore in a year ago period.