Fitch affirms Bharti Airtel at 'BBB-' with stable outlook
Updated : June 21, 2019 06:28 AM IST
"Bharti's ratings are supported by its diversified and integrated business profile, with operations spanning the mobile, fixed-line, digital TV, tower and enterprise sectors in India as well as mobile operations in 14 African markets. It has held on to its Indian mobile revenue market share of around 31-33 percent despite intense competition," Fitch said in a statement.
'BBB' ratings indicate that expectations of default risk are currently low. The capacity for payment of financial commitments is considered adequate, but adverse business or economic conditions are more likely to impair this capacity. The suffix minus indicates chances of a rating downgrade.