Fitch affirms Bharti's ratings at 'BBB-' with stable outlook

Fitch Ratings has affirmed the Long-Term Foreign-Currency Issuer Default Rating (IDR) and senior unsecured rating of Bharti Airtel at 'BBB-', with a Stable Outlook. Fitch expects Bharti's EBITDA net leverage to improve and foresees a decrease to around 1.2x by FY24 and 1.0x by FY25. The agency also anticipates a deceleration in...