Fitch revises Bharti Airtel view to negative

Fitch Ratings said it revised the outlook on Bharti Airtel Ltd.’s long-term foreign-currency issuer default rating to negative from stable, and affirmed the IDR at BBB-. Fitch also affirmed Bharti’s senior unsecured rating and Bharti Airtel International (Netherlands) BV’s senior unsecured guaranteed bonds at BBB-, and Network i2i Ltd.’s subordinated perpetual bond’s rating at BB.

The outlook follows the revision of the outlook on India’s long-term foreign- and local-currency idrs to negative from stable on June 18, Fitch said.

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