Bharti Airtel Slips for Third Straight Session Despite S&P Ratings Upgrade

$BHARTIARTL shares fell 1.42% on the day, extending losses for a third consecutive session. The stock has declined a combined 3.4% over the past three trading sessions, despite positive news on its credit profile. S&P Global Ratings upgraded Bharti Airtel's long-term issuer credit rating to BBB+ from BBB and also raised the rating on its senior unsecured debt to BBB+. The agency cited strong growth in data consumption across India and Africa, which is expected to boost earnings and support continued debt reduction. However, the rating upgrade failed to lift investor sentiment in the latest trading session. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.