{"id":437853,"date":"2021-09-24T08:38:32","date_gmt":"2021-09-24T03:08:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=437853"},"modified":"2021-09-24T10:02:33","modified_gmt":"2021-09-24T04:32:33","slug":"rating-upgrade-unlikely-over-18-24-months-for-hyderabad-airport-moodys","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rating-upgrade-unlikely-over-18-24-months-for-hyderabad-airport-moodys\/","title":{"rendered":"Rating upgrade unlikely over 18-24 months for Hyderabad Airport: Moody&#8217;s"},"content":{"rendered":"<p>Rating agency Moody&#8217;s has affirmed GMR Hyderabad International Airport Ltd&#8217;s (HIAL) Ba2 corporate family rating (CFR) and bond rating on expectations of gradual improvement in HIAL&#8217;s revenue over the next 2-3 years.<\/p>\n<p>The outlook on the ratings remains negative. An upgrade of the ratings is unlikely over the next 12-18 months, given the negative outlook and HIAL&#8217;s high financial leverage.<\/p>\n<p>A gradual improvement in revenues is expected on implementation of higher tariffs under the final tariff order from April 2022, and a gradual recovery in passenger traffic and non-aeronautical businesses on base case, agency said.<\/p>\n<p>Spencer Ng, Vice President and Senior Analyst, Moody&#8217;s said Nevertheless, the headroom available to HIAL to manage any further downside risks have narrowed relative to previous expectation. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rating agency Moody&#8217;s has affirmed GMR Hyderabad International Airport Ltd&#8217;s (HIAL) Ba2 corporate family rating (CFR) and bond rating on expectations of gradual improvement in HIAL&#8217;s revenue over the next 2-3 years. The outlook on the ratings remains negative. An upgrade of the ratings is unlikely over the next 12-18 months, given the negative outlook and HIAL&#8217;s high financial leverage. A gradual improvement in revenues is expected on implementation of higher tariffs under the final tariff order from April 2022, and a gradual recovery in passenger traffic and non-aeronautical businesses on base case, agency said. Spencer Ng, Vice President and [&hellip;]<\/p>\n","protected":false},"author":40,"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-437853","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\/437853","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=437853"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/437853\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=437853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=437853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=437853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}