 "mumbai airport")
GVK group-backed Mumbai International Airport (MIAL) has postponed plans for its Rs 2,000-crore bond offering and also deferred refinancing of some of its loans. According to India Ratings (Ind-Ra), MIAL has deferred its bond issue owing to unfavourable market conditions.
Ind-Ra has downgraded the rating assigned to term loans from ‘AA-’ to ‘A+’. Officials with bond arrangers said the bond market has been volatile. It is a tad unfriendly on credit issuance (bonds and loans). People have apprehensions and there is no clarity on how the environment is likely to be in the coming months.
Many players in the infrastructure sector are
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