CARE Ratings revise Vodafone Idea’s outlook to ‘Positive’ on AGR relief and capex plan

Credit rating agency CARE Ratings on Friday revised the outlook for Vodafone Idea’s (Vi) long-term banking facilities to ‘Positive’ from ‘Stable’, while maintaining a ‘BBB’ rating for the company’s adjusted gross revenue (AGR), Vodafone Idea said in a statement.The rating agency said the improvement in outlook reflects the improving business outlook for the debt-laden telecom […]