November 30, 2018 / 4:54 AM / 19 days ago

BUZZ-India's Vodafone Idea slips after ratings cut by CRISIL

** Telecom company Vodafone Idea Ltd’s shares drop as much as 5 pct to 35.95, their lowest since Oct. 25

** Ratings agency CRISIL downgraded its rating on non-convertible debentures of 60 bln rupees ($860.80 mln) of Vodafone Mobile Services to ‘CRISIL A+’ with negative outlook from ‘CRISIL AA-‘ with negative outlook

** CRISIL also re-affirmed rating on commercial paper programme of Vodafone Mobile Services Limited (VMSL), Vodafone Idea said here in a statement on Thursday

** Idea Cellular Ltd and Vodafone Plc completed the merger of their India ops on Aug. 31

** Over 14.2 mln shares change hands as of 0444 GMT, compared with their 30-day avg of 24.6 mln shares

$1 = 69.7025 Indian rupees

0 : 0
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