Friday, 1 November 2019

Bharti Airtel Slips 3% After S&P Places Co On Credit Watch Negative

Shares of Bharti Airtel slipped 3 percent intraday on November 1 after S&P has placed the company on credit watch negative. S&P has placed the company on credit watch negative on adverse Supreme Court ruling, reported CNBC-TV18.

According to S&P the company may not be able to absorb payout due to SC ruling. Earlier, Fitch Ratings has placed Bharti Airtel’s ‘BBB-‘ long-term foreign-currency issuer default rating on rating watch negative.

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