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Vodafone Idea stated on November 29 that CRISIL had lowered the rating of the 6,000 crore non-convertible debentures and reaffirmed its rating on Vodafone Mobile Services' 2,000-crore commercial paper.
"CRISIL" his communication posted on his website today, lowered his note on the non-convertible debentures of Rs 6,000 crore and reaffirmed his rating on the CP program of 2,000 crore of Vodafone Mobile Services Limited (VMSL), which has since migrated
According to the statement, the rating of non-convertible debentures has been lowered to CRISIL A + (negative outlook) from existing CRISIL, according to Vodafone Idea Limited (the Company) following the merger of VMSL with the Company. AA- (negative perspective).
The rating of the commercial paper program was confirmed to CRISIL A1 +.
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