Friday, July 11, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Projects Infrastructure

Moody’s upgrade NHAI to B2

Fiinews by Fiinews
November 19, 2017
in Infrastructure, Projects, Roads
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

CRISIL acknowledges NHAI reforms

Minister Gadkari delivering the inaugural address at the foundation stone laying ceremony of Rehabilitation and Upgradation of NH 85 from Bodhimettu to Munnar to two lane with paved shoulders, at Munnar, Kerala on 17 November 17 2017.

Moody’s Investors Service continues its positive outlook on India with another round of rating upgrades of public sector units, reflecting its 16 Nov upgrade of India’s sovereign rating.

The global agency has upgraded the issuer ratings of National Highways Authority of India (NHAI) to Baa2 from Baa3 and revised outlook to stable from positive.

The ratings of NTPC, NHPC and GAIL have also been upgraded.

Said Moody’s “The upgrade in ratings for NTPC, NHPC, NHAI and GAIL follows the upgrade of the Indian sovereign rating and reflects the strategic importance of these entities to the country, as well as their close operational and financial links with the government,”

It was only about a month back on 9 October that Moody’s had assigned a first time Baa3 rating to NHAI. The upgrade to Baa2 has come for NHAI in a very short time.

Meanwhile, a report of the global rating agency CRISIL issued on 16 November 2017 has also said that reforms by NHAI have resulted in a steep decline in the percentage of high risk highways projects from 53 percent two years back to 21 percent now.

The reforms include quicker approvals, loan support for languishing projects, termination of stuck projects and their subsequent re-awarding, and affording a change in sponsor.

According to CRISIL about 80% of the operational portfolio comprising nearly 100 Build Own Transfer projects are at low risk today in terms of debt servicing.

The CRISIL report also acknowledges that NHAI reforms have resulted in doubling of highways construction rate from 12 km per day in 2015 to 23 km per day in 2017.

The awarding of contracts is expected to sustain given the announcement and subsequent implementation of Bharatmala project, said CRISIL.

With improved ground situation both debt and equity investors are showing more interest in the road sector, it added.

Separately, Road Transport and Highways Minister Nitin Gadkari continues pressing for road construction in the country.

He laid the foundation stone for rehabilitation and upgradation of NH 85 from Bodimettu to Munnar to two-laned with paved shoulder.

The 42-km project has an estimated cost of Rs.380.76 crores. fii-news.com

Tags: Moody's Investors ServiceNitin GadkariRoad Transport and Highway Minister
ShareTweetShare

Related Posts

PIB
Projects

Project: Japanese delegation inspects DMIC progress

by Fiinews
July 11, 2025
0
12

Amb Ono appreciates India’s vision for semiconductors The Delhi-Mumbai Industrial Corridor (DMIC), inspired by Japan’s Tokyo–Osaka corridor, continues to benefit...

PIB
Projects

Project: Mindset change is critical for innovation

by Fiinews
July 11, 2025
0
13

Resident Indian patent filings surged by 56% Minister of State for Science & Technology Dr Jitendra Singh says a change...

Gidco Re Tender Notice

Project: 4,000% in installed solar capacity

July 11, 2025
13
PIB

Project: EV policies part of climate goals

July 11, 2025
11
Delivery Of Nistar To Indian Navy

Project: Nistar delivered to Indian navy

July 11, 2025
17
Tredence Logo

Tech: Tredence launches Agentic AI Playbook

July 10, 2025
13
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: Japanese delegation inspects DMIC progress
  • Project: Mindset change is critical for innovation
  • Project: 4,000% in installed solar capacity
  • Project: EV policies part of climate goals
  • Tech: ansrsource-ANSR reshape talent across India

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.