Credit and Rating

Credit Rating Overview

The Company continues to focus on maintaining a healthy leverage ratio and deleveraging – organically as well as through strategic equity
initiatives. The Company is rated by international rating agencies Moody's, Fitch and S&P. Airtel is also rated domestically by CRISIL.
Bharti Airtel Limited has issued USD denominated bonds in the international debt capital markets. The Company maintains high standards of
Corporate Governance and enjoys strong shareholder support.

Rating Overviews : Bharti Airtel Ltd. is rated by following major rating agencies.