‘Regulatory Norms May Pose Credit Challenge For Indian Airports’

India’s major airports are witnessing a strong rise in passenger traffic but the new and evolving regulatory regime for airports may pose a credit challenge, Moody’s Investors Service said in a recent report.

” The Airports Economic Regulatory Authority of India (AERA) has approved tariffs for most airports only for the first five-year regulatory period. Additionally, the terms and conditions stated in concession agreements have been different from those stipulated under the regulatory act on certain key issues, leading to frequent misunderstandings,” the rating agency said in a report.

Moody’s conclusions are contained in its recently released report, “Airports — India, Traffic growth credit positive, but regulatory environment a challenge”. Read More…

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