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Idea Cellular announces revision in its credit ratings

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Capital Market

By CARE

Idea Cellular announced that Credit Rating Agency CARE'' on review of recent developments including operational and financial performance of the Company for FY 2015, has vide its letter dated 30 June 2015 revised the Credit Rating assigned by it to the Long Term Bank Facilities and NCD Issue from 'CARE AA' (Double A) to 'CARE AA+' (Double A Plus) and has re-affirmed rating of CARE A1+ (A One Plus) to the Short Term Bank Facilities and Commercial Paper Issue.

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First Published: Jul 02 2015 | 3:18 PM IST

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