InterGlobe Aviation Limited has informed the Exchange regarding a press release dated May 21, 2025, titled "Press Release- Credit Rating".
INDIGO · price
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IndiGo (InterGlobe Aviation) has been assigned its first-ever credit rating by Moody's, receiving a long-term investment grade rating of Baa3 with a stable outlook. This rating is at par with India's sovereign credit rating, making IndiGo one of the few global airlines and Indian corporates to achieve this status. Moody's cited India's strong economic outlook, IndiGo's solid market presence, strong financial metrics, industry-leading cost structure, sound liquidity, and a large pending aircraft order book of over 900 aircraft as key strengths. The airline currently operates 400+ aircraft across 90+ domestic and 40+ international destinations, carrying over 118 million customers in FY25.
This is a positive development for shareholders, as the investment-grade rating lowers IndiGo's future borrowing costs, expands access to global capital markets, and validates the company's financial discipline. The rating parity with India's sovereign signals strong institutional confidence and could attract more foreign investors to the stock.