{"id":278974,"date":"2019-06-19T05:18:08","date_gmt":"2019-06-19T05:18:08","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=278974"},"modified":"2019-06-19T05:18:08","modified_gmt":"2019-06-19T05:18:08","slug":"india-ratings-downgrades-mumbai-international-airport-term-loans","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-ratings-downgrades-mumbai-international-airport-term-loans\/","title":{"rendered":"India Ratings downgrades Mumbai International Airport term loans"},"content":{"rendered":"<p>India Ratings (Ind-Ra) has cut rating for GVK group backed Mumbai International Airport Private Ltd\u2019s (MIAL\u2019s) term loans from &#8220;AA-&#8221; to &#8220;A+&#8221; on erosion in built-up liquidity caused by factors like delays in real estate monetisation.<\/p>\n<p>The rating action also reflects higher than estimated capital expenditure and higher-than-projected equity injections in Navi Mumbai International Airport Private Limited (NMIAL). MIAL is promoter of upcoming New Mumbai international airport.<\/p>\n<p>Ratings have been placed under &#8220;watch with negative&#8221; (RWN) implications. MIAL was yet to respond to queries sent by Business Standard.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India Ratings (Ind-Ra) has cut rating for GVK group backed Mumbai International Airport Private Ltd\u2019s (MIAL\u2019s) term loans from &#8220;AA-&#8221; to &#8220;A+&#8221; on erosion in built-up liquidity caused by factors like delays in real estate monetisation. The rating action also reflects higher than estimated capital expenditure and higher-than-projected equity injections in Navi Mumbai International Airport Private Limited (NMIAL). MIAL is promoter of upcoming New Mumbai international airport. Ratings have been placed under &#8220;watch with negative&#8221; (RWN) implications. MIAL was yet to respond to queries sent by Business Standard.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-278974","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=278974"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278974\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=278974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=278974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=278974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}