Mahanagar Telephone Nigam receives upgrade in credit ratings for bonds

Mahanagar Telephone Nigam announced that Brickwork Ratings (BWR) has upgraded the supported rating from BWR AA+ (CE) to BWR AAA (CE), removed it from ?Rating Watch with Negative Implications?, and assigned a ?Stable? outlook for Bonds amounting to Rs. 6500 crore of Mahanagar Telephone Nigam. The unsupported rating has been reaffirmed at BWR D.