InterGlobe Aviation Limited has informed the Exchange about Credit Rating
INDIGO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CRISIL Ratings has revised the outlook on IndiGo's long-term bank loan facilities to 'Positive' from 'Stable', while reaffirming the rating at CRISIL AA-. The short-term rating has also been reaffirmed at CRISIL A1+. Total bank facilities rated amount to Rs. 9,000 crore. The positive outlook is backed by IndiGo's strong financial risk profile, robust liquidity (Rs. 33,153 crore in free cash as of March 2025), and continued strong operating performance with FY25 revenue of Rs. 80,803 crore (up 17%) and EBITDAR margin of 26.3%. Net debt to EBITDAR ratio improved to 1.58 times from 1.76 times in FY24. IndiGo holds a 62% domestic market share with an order book of 940+ aircraft.
This is a positive signal for shareholders, indicating CRISIL's confidence in IndiGo's financial strength and the potential for a rating upgrade in the near term. It may lower future borrowing costs and reinforce investor confidence in the stock, though risks from fuel price volatility, forex fluctuations, and geopolitical disruptions remain monitored factors.