CREDIT AND RATING
Bharti Airtel Limited ("Company') is a leading global telecommunications player with operations in 20 countries. We are the first ranked operator in India with c.31% Revenue Market Share ( 7.5% ahead of nearest competitor) and 23% Customer Market Share*. Bharti is also the first or second ranked operator in 14 of the 17 African markets where it operates*.
For the year ended 31 March 2015, the Company generated Revenues of US$15.1 billion, EBITDA of US$5.1 billion and Operational Free Cash Flow (EBITDA less Capex) of US$2.1 billion.
The Company maintains a healthy leverage ratio and continues to focus on deleveraging – organically as well as through strategic equity initiatives. The Company is rated Investment Grade by Moody's, Fitch and S&P.
Bharti Airtel Limited has issued USD, EUR and CHF denominated bonds in the international debt capital markets. The Company maintains high standards of Corporate Governance and enjoys strong shareholder support (~32% owned by Singtel and 5% by QFE, besides promoters). The Company is listed in India with a market cap of ~US$22.7bn*
Credit Summary *As of 31st March 2015
|EBITDA ( USD Bln)||4.4||4.6||4.3||4.3||5.1|
|Capex ( USD Bln)||3.1||2.7||2.3||1.7||3.1|
|OFCF ( USD Bln)||1.3||2.0||2.0||2.8||2.1|
|Net Debt to
EBITDA ( Times)
|Net Debt to
Equity ( Times)
Ratio ( Times)
Source: Quarterly and Annual Financial Statements
Bharti Airtel Ltd. is rated by three major international rating agencies, Fitch, Moody's and S&P.
|Rating Agency||Rating||Outlook||Ratings Action Report|
|Standard & Poor's||BBB-||Stable||View report|
To know more please refer to our latest financials Click here
Outlook as of 31st March 2015, unless stated otherwise in the report