CARE upgrades outlook on Vodafone Idea to positive; reaffirms ratings

The ratings, however, remains underpinned by VIL's deteriorated financial risk profile, wherein, the tangible net-worth has eroded

CARE Ratings on Thursday revised outlook on Vodafone Idea (Vi) bank facilities to "positive" from "stable".  It also reaffirmed "B+" rating for debentures and long-term loans. 

The outlook upgrade has been done on the expectation of equity infusion and raising of long-term debt from the banks and financial institutions or funds. 

This follows the Centre accepting the deferment of spectrum instalments and AGR dues.

ARE Ratings today revised outlook on Vodafone Idea Ltd’s (VIL) bank facilities to "positive" from "Stable".  It also reaffirmed "B+" rating for debentures and long-term loans.

It will provide liquidity in the company to address the