Vodafone Idea : Credit Rating

1 February 2022

National Stock Exchange of India Limited	BSE Limited
"Exchange Plaza",	Phiroze Jeejeebhoy Towers,
Bandra - Kurla Complex,	Dalal Street,
Bandra (E),	Mumbai - 400 001
Mumbai - 400 051
Dear Sirs,

Sub: Disclosure under Regulation 30 - Revision in Credit Rating

Ref: "Vodafone Idea Limited" (IDEA / 532822)

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that Care Ratings Limited (CARE), has upgraded its rating on Long Term Bank Facilities and Non-Convertible Debentures as per the rating rationale uploaded on its website today (i.e. on 01.02.2022).

The revised credit rating is as under:

Credit Rating	Type of Credit Rating	Existing Rating /	Revised Rating /
Agency		Outlook	Outlook
	Long Term Bank	CARE B-	CARE B+
	(Credit Watch with
	Facilities	(Outlook : Stable)
	Negative Implications)
CARE
Non-Convertible	CARE B-	CARE B+
	(Credit Watch with
	Debentures	(Outlook : Stable)
	Negative Implications)

Additionally, new rating of CARE A4 has been assigned by CARE for Short Term Bank facilities. The above is for your information and dissemination to the members.

Thanking you,

Yours truly,

For Vodafone Idea Limited

Pankaj Kapdeo

Company Secretary