Brickwork Ratings, has downgraded Vodafone Idea Limited's rating on Non-Convertible Debentures as per the rating rationale uploaded on its website yesterday (i.e. on 04.12.2019). The rating has been downgraded from BWR A- (Rating Watch with Negative Implications) to BWR BBB- (Rating Watch with Negative Implications)
As per the rating rationale published on the website, the downgrade is on account of considerable impact of the AGR related liability on the financial performance of the company resulting in huge losses, erosion of net worth and deterioration in the overall risk profile of the company.
Shares of Vodafone Idea Ltd was last trading in BSE at Rs.7.31 as compared to the previous close of Rs. 7.74. The total number of shares traded during the day was 46087703 in over 108571 trades.
The stock hit an intraday high of Rs. 7.64 and intraday low of 7.01. The net turnover during the day was Rs. 338040145.