The global rating agency revised its rating outlook on Bharti Airtel to positive from stable.
According to the rating agency, the positive outlook reflects the likelihood of an improvement in Bharti Airtel's stand-alone credit profile owing to its healthy earnings and easing leverage.
"However, an upgrade of the company could remain contingent on a similar action on the sovereign rating on India," the rating agency said in a statement.
This story is from the November 25, 2024 edition of The Business Guardian.
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This story is from the November 25, 2024 edition of The Business Guardian.
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