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Infrastructure FY22 outlook rises to stable: India Ratings
Mahindra Susten’s renewable energy assets are among many ongoing large portfolio sales in the infrastructure space.afpPremium
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Credit ratings agency India Ratings and Research has revised its overall infrastructure sector outlook to stable for FY22 from negative last year. The stable outlook factors in the contracted revenue visibility, long tenor contracts enabling financial flexibility to an extent and improving people traffic and cargo volumes, on the back of a strong economic recovery expectation for FY22.
Some sectors, such as airports and wind power, will continue with a negative outlook, the agency said, as signs of demand recovery are scarce on the ground. Though infrastructure projects have a long operating period, stressed liquidity could lead to downgrades, especially in airports, metro rail and wind sectors, it said.
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