Bharti Airtel gets 'moody'

about 1 month ago
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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.

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