Global ratings agency, S&P Global has said Bharti Airtel's earnings growth momentum is slower than anticipated but its balance sheet is strong enough to withstand its temporarily elevated 5G-related capex spends. The ratings agency has estimated Airtel’s FFO-to-debt ratio was at 25%-26% in FY23, well above its downgrade threshold of 20%. This was up from 22% in FY22. Going forward, it projects this ratio to
