Moody’s affirms Bharti Airtel

Moody's Investors Service said it affirmed Bharti Airtel Ltd.'s Baa3 issuer rating and senior unsecured debt ratings, as well as the Baa3 ratings on the senior unsecured notes issued by Bharti Airtel International (Netherlands) BV, which are irrevocably and unconditionally guaranteed by Bharti.

The outlook is negative.

"The affirmation of Bharti's Baa3 rating and negative outlook recognizes that the company's leverage metrics remain elevated as profitability continues to be under pressure," Moody's vice president and senior credit officer Annalisa Di Chiara said in a news release.

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