Bharti Airtel gets 'moody'
By
Ruma Dubey
about 6 years ago
On Thursday, Moody’s Investor Service put Bharti Airtel’s rating on a review; on account of poor earnings show the estimations of weaker cash flow, the rating agency said that it is considering putting it under BaaS – the lowest investment-grade bond ratings.
The company’s consolidated net debt currently stands at Rs 1.13 lakh crore.
Today morning, the stock price opened over 5% lower at Rs.290 but later recovered to Rs.302 levels and is now down over 2% at Rs.299.