InvestorQ : Why has Moody’s upgraded Bharti outlook?
Arya Nanda made post

Why has Moody’s upgraded Bharti outlook?

Anjana Aiyar answered.
10 months ago

Moody's upgraded Bharti Airtel's outlook to positive from stable on improved operating performance. The upgrade was also on the back of better credit metrics. In addition, Moody’s expects free cash flows and liquidity for Bharti Airtel to improve sharply over the next 12-18 months.

Moody’s has hinted that an upgrade to investment grade may be also likely going ahead if the fundamental performance was sustained. Just two days back, Bharti had raised entry-level pre-paid plan prices by 20-25%. Bharti has long complained about weak ARPUs and now wants to push ARPUs from Rs.153 to Rs.200 and then to Rs.300.