Ind-Ra maintains negative outlook on transport, energy infra for H2 of FY21

India Ratings and Research (Ind-Ra) on Friday said it has maintained a negative outlook on transport and energy infrastructure for second half of the current financial year.

It said the negative outlook stems from likely low demand in the sectors.

“India Ratings and Research (Ind-Ra) has maintained a negative outlook on energy and transport infrastructure for 2HFY21, stemming from a likely low demand, driven by low thermal plant load factor and subdued wind generations, and the resultant impact on coverage metrics,” the ragting agency said in a statement.

The agency has also maintained a negative outlook on the roads and airport sectors.