New Delhi, Nov 25 (PTI) Fitch Ratings has affirmed Bharti Airtel's long-term foreign currency Issuer Default Rating (IDR) and senior unsecured rating at 'BBB-'.

The outlook on the IDR is negative, Fitch Ratings said in a statement.

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Fitch has also affirmed Bharti Airtel International (Netherlands) BV's senior unsecured guaranteed bonds at 'BBB-' and Network i2i Limited's subordinated perpetual bond at 'BB'.

"The negative outlook does not reflect our view of Bharti's underlying credit profile - which has been improving on strong growth in Indian and African wireless operations - but rather the heightened probability that India's (BBB-/Negative) Country Ceiling of 'BBB-' could be lowered to 'BB+'," the statement said.

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"Such an action would constrain Bharti's IDR and senior issue ratings to BB+," it added.

Fitch has affirmed Bharti Airtel's long-term foreign currency IDR and senior unsecured rating at 'BBB-', the statement noted.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)