Archive · 18 Nov 2025
S&P Upgrades Bharti Airtel's Credit Rating on Strong Earnings Momentum
A financial company called S&P Global Ratings has given a better credit rating to Bharti Airtel because they think the company will make more money in the next two years.
This is because more people will use Airtel's services and spend more money on them.
S&P Global thinks Airtel is getting better at managing its debt, which is also a reason for the better rating.
This upgrade doesn't depend on India's own credit rating.
S&P Global Ratings upgraded Bharti Airtel's credit rating to 'BBB' from 'BBB-' with a positive outlook.
Upgrade driven by expected strong earnings growth in Indian operations over the next 24 months.
Airtel expected to increase subscribers by 2-4% and average revenue per user (Arpu) by 6-8%.
S&P Global notes Airtel's continued deleveraging and supportive leverage tolerance for higher long-term rating.
Upgrade not constrained by India's sovereign rating.
- Who
- S&P Global Ratings, Bharti Airtel
- What
- Upgraded Bharti Airtel's credit rating
- When
- Monday
- Where
- Not specified
- Why
- Expected strong earnings growth in Indian operations
S&P Global's Positive Outlook
Potential Debt Concerns
Earnings Growth Expectation
S&P Global's Positive Outlook
S&P Global expects strong earnings growth driven by Indian operations.
Potential Debt Concerns
Not explicitly stated in the articles.
Debt Concerns
S&P Global's Positive Outlook
S&P Global notes Airtel's continued deleveraging and supportive leverage tolerance.
Potential Debt Concerns
S&P Global expresses concern about rising debt at Bharti Telecom Ltd.
- Previous Rating
- 'BBB-'
- New Rating
- 'BBB'
- Outlook
- Positive
- Expected Subscriber Growth
- 2-4%
- Expected Arpu Growth
- 6-8%
- Time Frame
- Next 24 months
Sources
S&P upgrades Bharti Airtel credit rating on strong earnings momentum
Bharti Airtel shares in focus today; here’s why
Bharti Airtel Rallies 2% After DoT Imposes Penalty Over Subscriber Verification Violation- Here's Why
