Breaking News

You are here » Indian-Commodity  :  Economy  :  Ind-Ra revises infrastructure sector's outlook to stable for FY19

21-Feb2018

Ind-Ra revises infrastructure sector's outlook to stable for FY19

Amid signs of improvement in projects such as toll roads and wind, the credit rating agency, India Ratings and Research (Ind-Ra) in its latest report has revised the infrastructure sector outlook to stable for the next financial year (FY19) from negative in the current fiscal year (FY18). However, the report noted that the sector is showing signs of stability even though it is still in stress.

As per the report titled 'FY19 Infrastructure Outlook: Light at the End of the Tunnel', toll roads projects came out of pressure during FY17 and going further have showed visible improvements in 2018. Besides, the rating agency highlighted that though the wind sector remained under performance, protection from fixed capacity charges and built up of reserves provide stability to the ratings.

Apart from the infrastructure, Ind-Ra also revised the outlook of telecom sector to negative-to-stable from negative. However, it expects that the sector continues to exhibit significant pressure on its average revenue per user despite industry consolidation and added that FY19 to remain a challenging year for incumbent telecom operators as reflected in Negative Outlook on the ratings. Further, it kept outlooks for thermal power, oil and gas, power, ports and airports to unchanged.


Related News

View all news

FPO model to help achieve goal of doubling farmers' income well before time: Rupala

Expressing optimism over prospects of Indian farmers' income, Minister of State for Agriculture Parshottam Rupala has said that the farmer-producer organisation (FPO) model could help achieve the goal......

Ind-Ra maintains 'stable' outlook on India's infrastructure sector for rest of FY19

The India Ratings and Research (Ind-Ra) in its latest report has retained its outlook on India's overall transport infrastructure sector including toll roads, annuity roads, hybrid annuity model (HAM)......

India creates over 9.5 lakh new jobs in July 2018: EPFO

In a positive surprise, the Retirement fund body, Employment Provident Fund Organisation (EPFO) in its latest 'Net Payroll Data' report has showed that India created 9.51 lakh new jobs in the month of......

Top News

View all news

ABB India undertakes an ambitious project to create a high density DFC

ABB India has undertaking an ambitious project to create a high density Dedicated Freight Corridor (DFC). The DFC will run between the four cities known as the Golden Quadrilateral - Delhi, Mumbai, Chennai......

NHPC to develop 40 MW solar plant in Odisha: Report

Hydropower generation company NHPC is reportedly planning to develop 40 MW solar plant in Odisha with an investment of about Rs 196 crore. The solar power project will come up on about 180 acres of land......

Tijaria Polypipes bags order worth Rs 35.30 crore

Tijaria Polypipes has received a single order of Rs 35.30 crore for supply of HDPE & PLB Ducts from Tata Projects. The same has to be executed within a period of 3 months. The company takes great......