Kolkata: Vodafone Idea's credit rating has improved a notch to BBB- from the earlier BB+, which is set to boost the telco's prospects of concluding its pending ₹25,000 crore debt raise, company executives and ratings experts said.
On Friday, ratings agency ICRA assigned an improved BBB- credit rating to Vi's long-term fund facilities, compared to the previous BB+ assigned by CARE Ratings in June 2024."With the company now coming back into the investment grade rating, which is the requirement for the banks to provide funding, the debt funding discussions should now progress in the right direction," a Vi spokesperson said in a written response to ET.
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