 "mumbai airport")
Adani group-run Mumbai International Airport has seen an improvement in its credit profile following fund infusion and refinancing of its long-term debt at lower interest rates, rating agency CRISIL has said in its latest report. It added that liquidity is sufficient to meet near-term debt, operating expenses, and capital expenditure requirements.
MIAL’s external debt, which included loans and non-convertible debentures, has reduced to Rs 5,730 crore from Rs 7,250 crore as on June 30.
CRISIL Ratings has assigned ‘AA-Stable’ rating to Rs 310 crore proposed bank guarantee facility of MIAL. Ratings for certain long-term loan and non-convertible debentures were upgraded,