In a significant financial milestone, IndiGo has received its inaugural investment-grade credit rating from Moody’s Investors Service. The airline has been assigned a long-term rating of Baa3 with a stable outlook, placing it on par with India’s sovereign credit rating. Business Standard+1Wikipedia+1
This achievement positions IndiGo among a select group of global airlines and Indian corporates to attain such a rating. Moody’s highlighted several factors contributing to this assessment:Business Standard
- Robust Market Presence: IndiGo’s strong foothold in the Indian aviation sector.
- Solid Financial Metrics: Demonstrated financial stability and performance.
- Industry-Leading Cost Structure: Efficient operational cost management.Business Standard
- Sound Liquidity Position: Healthy cash reserves and liquidity.Business Standard
- Extensive Aircraft Order Book: A pending order of over 900 aircraft, indicating growth plans.
Moody’s also acknowledged IndiGo’s strategy to diversify its funding sources to support its expansion. The agency emphasized that IndiGo is well-positioned to capitalize on the significant growth potential in India’s rapidly expanding yet underpenetrated aviation sector. Business Standard
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Source (full link):
https://www.business-standard.com/markets/capital-market-news/indigo-receives-investment-grade-credit-rating-from-moody-s-125052101658_1.html
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