BUZZ-India’s Vodafone Idea slips after ratings cut by CRISIL

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After Merger With Vodafone Group, Idea Cellular Becomes ‘Vodafone Idea Limited’

** Telecom firm Vodafone Idea Ltd’s shares drop as a lot as 5 pct to 35.95, their lowest since Oct. 25

** Ratings company CRISIL downgraded its ranking on non-convertible debentures of 60 bln rupees ($860.80 mln) of Vodafone Mobile Services to ‘CRISIL A+’ with adverse outlook from ‘CRISIL AA-‘ with adverse outlook

** CRISIL additionally re-affirmed ranking on industrial paper programme of Vodafone Mobile Services Limited (VMSL), Vodafone Idea mentioned right here in an announcement on Thursday

** Idea cellular Ltd and Vodafone Plc accomplished the merger of their India ops on Aug. 31

** Over 14.2 mln shares change fingers as of 0444 GMT, in contrast with their 30-day avg of 24.6 mln shares

$1 = 69.7025 Indian rupees

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