Sub: Disclosure under Regulation 30 - Revision in Credit Rating
Ref: "Vodafone Idea Limited" (IDEA / 532822)
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that Care Ratings Limited (CARE), has upgraded its rating on Long Term Bank Facilities and Non-Convertible Debentures as per the rating rationale uploaded on its website today (i.e. on 01.02.2022).
The revised credit rating is as under:
Credit Rating
Type of Credit Rating
Existing Rating /
Revised Rating /
Agency
Outlook
Outlook
Long Term Bank
CARE B-
CARE B+
(Credit Watch with
Facilities
(Outlook : Stable)
Negative Implications)
CARE
Non-Convertible
CARE B-
CARE B+
(Credit Watch with
Debentures
(Outlook : Stable)
Negative Implications)
Additionally, new rating of CARE A4 has been assigned by CARE for Short Term Bank facilities. The above is for your information and dissemination to the members.
Thanking you,
Yours truly,
For Vodafone Idea Limited
Pankaj Kapdeo
Company Secretary
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Disclaimer
Idea Cellular Limited published this content on 01 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 February 2022 14:51:03 UTC.
Vodafone Idea Limited (formerly Idea Cellular) specializes in mobile telecommunication services. Net sales break down by activity as follows:
- mobile telecommunication services (97.2%): mobile telephony services, Interner services, etc.;
- other (2.8%): primarily long distance telephony.
All sales are in India.