Crisil puts Bharti Airtel on -ve watch

“The rating action reflects Crisil’s belief that Bharti Airtel’s proposed acquisition of Zain Africa BV’s (Zain Africa’s) business for an enterprise value of $10.7 billion will be largely debt funded; the acquisition can thereby adversely affect Bharti Airtel’s gearing and debt protection indicators over the short term,” the rating agency  
noted.