Care Ratings downgrades Vodafone Idea's long term bank facilities, non-convertible debentures
Updated : February 18, 2020 08:05 AM IST
The rating on long term bank facilities and non-convertible debentures has been revised to 'BB-' from 'BBB-'.
The downgrade also takes cognizance of significant losses suffered by the company to the tune of Rs 6,453 crores in Q3FY20.
As per the government, Vodafone Idea owes Rs 56,709 crore in AGR dues.