Indus Towers (formerly known as Bharti Infratel) announced that after the amalgamation of erstwhile Indus Towers with the company (formerly Bharti Infratel) and at the request of the company, CRISIL has migrated its ratings of erstwhile Indus Towers to the company.
The following credit rating assigned have been assigned to the company on 18 December 2020:
Total Bank Loan Facilities Rated Rs.11500 crore Long Term Rating - CRISIL AA+ (Continues on 'Rating Watch with Negative Implications') Short Term Rating - CRISIL A1+ (Reaffirmed)
Rs.2500 crore Bond CRISIL AA+ (Continues on 'Rating Watch with Negative Implications') Rs.6000 crore Commercial Paper CRISIL A1+ (Reaffirmed)
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU