Bharti Airtel Limited has informed the Exchange about Credit Rating- Revision
BHARTIARTL · price
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Moody's has upgraded Bharti Airtel's issuer rating from Baa3/Positive to Baa2/Stable, placing it one notch above India's sovereign rating. The upgrade reflects a stronger financial profile, with leverage expected to improve to 1.8x by FY26 and 1.5x by FY27, supported by the prepayment of INR260 billion in spectrum liabilities during FY25. Bharti's subscriber market share has grown from 28% in March 2020 to 33.5% in September 2025, and the company posted 17% YoY revenue growth and 20% EBITDA growth in H1 FY26. The stable outlook signals expectations of continued strong credit metrics and a stable competitive environment in India's telecom sector.
A rating upgrade typically lowers future borrowing costs for the company and is a positive signal for existing shareholders, indicating improved financial health and reduced credit risk. The stable outlook suggests Moody's expects this strong position to hold over the next 12-18 months.