S&P Global revises Airtel outlook to ‘stable’ on improved operations, leverage management

Global ratings agency, S & P Global has revised Bharti Airtel NSE 2.74 %’s outlook to “stable” from “negative,” citing the Sunil Mittal-led telco’s improved operating fundamentals and superior leverage management.

“The stable outlook reflects our view that Airtel will actively manage its leverage such that its ratio of funds from operations (FFO) to debt will stay well above 20% on a sustained basis, while maintaining its competitive position,” S&P Global said in a media statement Thursday.