{"id":438149,"date":"2021-09-25T10:27:14","date_gmt":"2021-09-25T04:57:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=438149"},"modified":"2021-09-25T11:10:38","modified_gmt":"2021-09-25T05:40:38","slug":"moodys-affirms-hyderabad-airports-ba2-rating-negative-outlook-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/moodys-affirms-hyderabad-airports-ba2-rating-negative-outlook-2\/","title":{"rendered":"Moody&#8217;s affirms Hyderabad Airport&#8217;s Ba2 rating, negative outlook"},"content":{"rendered":"<p>Moody&#8217;s Investors Service has affirmed GMR Hyderabad International Airport Ltd&#8217;s (HIAL&#8217;s) Ba2 corporate family rating (CFR) and Ba2 senior secured USD bond rating.<\/p>\n<p>The outlook on ratings remains negative.<\/p>\n<p>&#8220;The rating affirmation reflects our expectation of a gradual improvement in HIAL&#8217;s revenue over the next two to three, driven by the implementation of higher tariffs under the final tariff order from April 2022, and a gradual recovery in passenger traffic and non-aeronautical businesses under our base case,&#8221; said Spencer Ng, a Moody&#8217;s Vice President and Senior Analyst. <\/p>\n<p>&#8220;Nevertheless, the headroom available to HIAL to manage any further downside risks have narrowed relative to our previous expectation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moody&#8217;s Investors Service has affirmed GMR Hyderabad International Airport Ltd&#8217;s (HIAL&#8217;s) Ba2 corporate family rating (CFR) and Ba2 senior secured USD bond rating. The outlook on ratings remains negative. &#8220;The rating affirmation reflects our expectation of a gradual improvement in HIAL&#8217;s revenue over the next two to three, driven by the implementation of higher tariffs under the final tariff order from April 2022, and a gradual recovery in passenger traffic and non-aeronautical businesses under our base case,&#8221; said Spencer Ng, a Moody&#8217;s Vice President and Senior Analyst. &#8220;Nevertheless, the headroom available to HIAL to manage any further downside risks have [&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-438149","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\/438149","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=438149"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438149\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=438149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=438149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=438149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}