Image Source: The Economic Times
GMR Hyderabad International Airport has received a credit rating upgrade from Moody’s Investors Service, moving to Ba1 with a stable outlook. The improved rating reflects the airport’s strong market position, strategic location, and financial resilience, reinforcing its role as a key aviation hub in India.
Financial and Operational Strengths:
- The upgrade highlights Hyderabad Airport’s ability to maintain steady revenue growth and operational efficiency.
- Moody’s cited the airport’s low concession revenue share payment to the government as a factor supporting its financial stability.
- Passenger traffic has shown consistent recovery, with domestic travel nearing pre-pandemic levels and international traffic expected to fully rebound in the next fiscal year.
- The airport’s ongoing expansion program, valued at approximately 55 billion rupees, is set to enhance capacity and commercial offerings.
- The stable outlook reflects Moody’s confidence in the airport’s ability to manage financial leverage and sustain long-term growth.
Sources: Economic Times, Yahoo Finance, Moody’s Investors Service.
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