Vodafone Idea's share price nearly doubled during the past week in expectation of a government relief package for the struggling telecom sector. Some relief did arrive but not enough to prevent a rating downgrade, which is set to hurt its stock's stellar show. Despite a relief by the government in the form of a two-year moratorium on spectrum-related dues which is tantamount to Rs 42,000 crore financial support to the stressed sector, Crisil on Friday (after market hours), downgraded Vodafone Idea's rating on Non-Convertible Debentures of Rs 3,500 crore.from IndiaTV Business: Google News Feed https://ift.tt/34fsXy3
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