Credit rating upgrade to boost Vodafone Idea ₹25k-crore debt raising efforts: Citi

NEW DELHI: Vodafone Idea’s improved credit rating to an investment grade BBB- post the government’s conversion of Rs36,950 crore statutory debt into equity could boost the loss-making telco’s prospects of concluding its pending Rs25,000 crore debt raise, Citi Research said in a report.