Moody’s ups Airtel ratingto Baa2, outlook to ‘stable’

Moody’s Ratings has upgraded Bharti Airtel’s issuer rating to Baa2 from Baa3 while revising the outlook to stable from positive, on the back of the telecom operator’s improved financial profile, steadily increasing market share and a supportive regulatory environment.

“The rating upgrade reflects a significant improvement in Bharti’s financial profile and its steadily increasing market share, supported by structural changes in India’s fast growing mobile sector,” said Nidhi Dhruv, a Moody’s Ratings vice president and senior credit officer.