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Prospect News home > News index > List of issuers B > Headlines for Bharti Airtel Ltd. > News item |
S&P assigns BBB- to Bharti Airtel notes
Standard & Poor's said it assigned its BBB- long-term issue rating to a proposed benchmark-sized, dollar-denominated senior unsecured notes issue by Bharti Airtel International (Netherlands) BV.
Bharti Airtel Ltd. (Bharti; BBB-/stable/--), which indirectly wholly owns Bharti Airtel International, will irrevocably guarantee the notes.
Bharti expects to primarily use the proceeds of the proposed notes to refinance a part of its foreign currency debt.
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