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Fitch places Bharti Airtel on 'rating watch negative' on AGR ruling

Oct 31, 2019 11:52 IST

Fitch Ratings has placed Bharti Airtel on 'rating watch negative' over unpaid regulatory dues arising from the recent Supreme Court ruling. The rating reflects uncertainty on the amount and timing of dues - Airtel alone has unpaid dues of Rs 41,507 crore, with nearly Rs 22,000 crore in license fees, penalty, and interest. Meanwhile, CARE downgraded the rating on Vodafone Idea's NCDs and long-term bank facilities too.

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