Bharti Airtel’s outlook has been upgraded from negative to stable by S&P.

Bharti Airtel’s credit rating of “BBB-” was maintained by S&P on Thursday, with the outlook raised to stable from negative, suggesting the company’s improved financial position and ability to repay debt. Bharti Airtel’s Indian mobile business is expected to grow at a solid rate, according to S&P, although there will be no across-the-board tariff changes and growth would be slower than in fiscal 2021. “Bharti Airtel’s outlook was changed from negative to stable by S&P Global Ratings. At the same time, we reaffirmed Bharti Airtel’s ‘BBB-‘ long-term issuer credit rating and ‘BBB-‘ issuer credit rating on its senior unsecured notes. The ‘BB’ issue rating on the subordinated perpetual securities (PERPS) it guarantees was also confirmed “According to S&P’s credit rating report.

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