Airtel signs for $2 bn loan amid threat of ratings cut: Reports
India's second-biggest wireless carrier Bharti Airtel is reportedly raising over $2 billion in loans amidst increased competition in the Indian telecom sector. Recently, Moody's placed Airtel's rating on review for downgrade, following low levels of profitability and expectations of weak cash flow. The Sunil Mittal-led company has signed for loans with 10 to 12 banks, reports added. 