Moody’s Ratings Upgrades Bharti Airtel to Baa2; Outlook Stable

Moody’s Ratings has upgraded Bharti Airtel Ltd.’s issuer rating to Baa2 from Baa3, the agency said in a statement.

• Bharti’s outlook changed to stable from positive
• The rating reflects Bharti’s strong market position and improved financial profile, Moody’s said
• “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”
• Moderating competition and expectations of a relatively supportive regulatory environment also contributed to the upgrade
• NOTE: Bharti’s Profit Meets Estimate Buoyed by More Premium Users

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