Credit rating agency, Fitch Ratings has affirmed Bharti Airtel’s Long Term Foreign Currency Issuer Default Rating (IDR) and senior unsecured rating at ‘BBB-’. The outlook on the IDR is stable. The company’s ‘BBB-’ rating reflects its established market leadership in the Indian wireless services industry. The agency has also affirmed the ratings on Bharti Airtel International (Netherlands) bonds.
Bharti Airtel is a leading global telecommunications company with operations in 17 countries across Asia and Africa. The company ranks amongst the top 3 mobile service providers globally in terms of subscribers.