Vodafone Idea announced that India Ratings and Research (Ind-Ra) re-affirmed its rating on CP Programme of Rs. 2,000 crore of erstwhile Vodafone India (VoIL) and on CP Programme of Rs. 2,000 crore of erstwhile Vodafone Mobile Services (VMSL) and has downgraded its rating on Non-Convertible Debentures of Rs. 6,000 crore of erstwhile Vodafone Mobile Services (VMSL. The ratings on VoIL and VMSL stand withdrawn.
The revised credit ratings, now assigned to the Company are as under:
Non Convertible Debentures (Rs 6000 crore) – IND AA-/Negative (Revised from IND AA+/ Negative)
Commercial Paper (Rs 4000 crore) – IND A1+ (Reaffirmed) – Business Standard