Crisil upgrades long-term rating on Airtel's bank loans, debt programme to AA+/Stable

Crisil Ratings expects “further improvement” in Airtels overall credit risk profile over the near to medium term on the back of improving cash accruals, the telcos deleveraging plans, including the upcoming rights issue, notwithstanding adjusted gross revenue (AGR) dues and additional expenses incurred in acquiring spectrum in the last 4G auction in March.

via Economictimes