Good news for Vodafone Idea: Credit Rating upgraded by ICRA, Outlook is ‘A-’
Suspense Crime, Digital Desk : The business world knows that credit rating upgrades imply that a company is more capable of meeting its repayment obligations. With 'A-' rating there is decreased risk of a firm defaulting its repayment. In the long run, a company may be able to avail loans at lower interest rates and investors would have increased confidence on the firm's ability to pay.
Information provided under the rules:
Vodafone Idea provided this information under Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company Secretary Pankaj Kapdev-signed letter stated that "A detailed rationale for the upgrade is awaited and would be posted on ICRA's website shortly."
