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Airtel earnings set to rise next 24 months: S&P Global Ratings
The Business Guardian
|November 25, 2024
Bharti Airtel's earnings and cash flows are expected to rise over the next 24 months, benefitting from the industry-wide raise in mobile tariffs, asserted S&P Global Ratings.
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The global rating agency revised its rating outlook on Bharti Airtel to positive from stable.
According to the rating agency, the positive outlook reflects the likelihood of an improvement in Bharti Airtel's stand-alone credit profile owing to its healthy earnings and easing leverage.
"However, an upgrade of the company could remain contingent on a similar action on the sovereign rating on India," the rating agency said in a statement.
This story is from the November 25, 2024 edition of The Business Guardian.
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