Stay updated with the latest news and articles about Moody’s Investors Service.
Moody’s Investor Services' big move comes right after a 25-basis-point rise in the coronavirus period interest rates given by Federal Reserve – this increase was seen for the first time in 3 years.
Reliance last week announced that it aims to raise around USD 5 billion in foreign currency-denominated bonds and use the proceeds to relinquish existing borrowings.
Moody's assumes Bharti's consolidated adjusted EBITDA to grow toward Rs 570 billion - Rs 585 billion by the end of the fiscal year 2022, which ends 31 March 2022 -- around 25 per cent increase over the fiscal year 2021's.