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Wireless

Vodafone Idea's debt rating downgraded amid AGR fees dispute

Monday 3 February 2020 | 07:20 CET | News
Indian operator Vodafone Idea has announced that CRISIL has downgraded its rating on the non-convertible debentures of INR 35 billion of Vodafone Mobile Services to BB from BBB-. The operator also reports that India Ratings and Research (Ind-Ra) has downgraded its rating on Vodafone Mobile Services debt to IND BBB-/ RWN from IND BBB/ RWN. The downgrade is due to the expected "significant deterioration in Vodafone Idea's financial risk profile" amid the potential payout against the adjusted gross revenue (AGR) related liability, following the dismissal of the review petition by the Supreme

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Categories: Mobile & Wireless
Companies: Vodafone Idea
Countries: India
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