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The Economic Times

S&P upgrades Bharti Airtel to 'BBB+' on strong India, Africa growth and debt reduction prospects

Airtel Bharti Airtel SP India Africa United States

S&P Global Ratings on Wednesday upgraded its long-term issuer credit rating on Bharti Airtel to 'BBB+' from 'BBB', citing strong earnings growth prospects in India and Africa and the telecom major's improving balance sheet.

The global ratings agency said "growing data consumption and a fundamental improvement in Indian and African telco markets will help expand Bharti Airtel's earnings" and support further deleveraging.

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