Vodafone: New rating may fetch Vodafone Idea some credit
Vodafone Idea's credit rating has been upgraded to BBB- from BB+, potentially unlocking the telco's ₹25,000 crore debt raise. This improved rating, assigned by ICRA, is considered investment grade, making it more attractive to lenders. The company aims to use the funds for crucial 4G expansion and 5G rollout plans.
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Vodafone is an England-based telecommunications company that offers services such as voice, messaging, data, and fixed broadband for individuals and businesses.
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