The central bank’s direction to credit rating agencies (CRAs) in April was followed by clarifications in July that CRAs are not permitted to rely on support structures like letters of credit (LoC), letter of support, obligor-co-obligor structure, etc, for deriving rating comfort while assigning CE ratings.
Moody’s upgrades outlook for Bharti Airtel to Positive on improved finances
Moody’s upgraded Bharti Airtel’s outlook to ‘positive’ on improved financials and market share gains. They may raise the rating if profitability increases and regulations remain
January 22, 2025