After Care, Ind-Ra and Crisil downgrade Vodafone-Idea long-term issuer ratings on NCDs
India Ratings and Research (Ind-Ra) and Crisil have downgraded telecom major Vodafone Idea's long-term issuer ratings on non-convertible debentures (NCDs) worth Rs 3,500 crore.The NCDs were issued on June 12, 2015 and are due to mature on July 10, 2020. On Thursday, Care Ratings had downgraded Vodafone Idea's long-term bank facilities and non-convertible debentures to Care A-minus with negative implications.Late on Friday, Ind-Ra downgraded the telecom company's rating to IND BBB from IND A plus... Читать дальше...
