Airtel's ratings may be downgraded to junk by Moody's
US-based rating agency Moody's has placed Bharti Airtel's rating on review for downgrade, following low levels of profitability and expectations of weak cash flow. Airtel now has a Baa3 rating, the lowest investment grade from Moody's and one step above junk. India's second-largest telecom operator posted a 65% fall in profit at â¹119 crore for the July-September quarter.