Crisil upgrades Vi rating
Crisil Ratings has upgraded the bank facilities of Vodafone Idea to ‘Crisil A-/Stable’, citing continued support from the Aditya Birla Group, improving operating metrics, and easing regulatory liabilities.
The ratings agency said Vodafone Idea remains strategically important for the Aditya Birla Group, highlighting Kumar Mangalam Birla’s appointment as chairman and the group’s repeated financial backing through equity infusions and financing support. Crisil also pointed to the group’s recent commitment to invest Rs 4,730 crore through share warrants as evidence of continued support.
