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Credit rating agency, India Ratings and Research (Ind-Ra) in its latest report has maintained a stable outlook for the overall infrastructure sector for second half of this fiscal year (H2FY23). However, the agency revised the outlook on airports to stable from negative and maintained a negative outlook on wind power projects.

As per the report, infrastructure investment trusts continue to be the preferred pooled financing vehicle for divesting partial or entire stake and refinancing. Refinancing has been generally carried out to raise funds, elongate the tenor and/or release some sponsor investments. The impact of rising interest rates is also a key monitorable.

India Ratings and Research is expecting consistent demand growth and continued efforts to realise payments from distribution companies (discoms) in a timely manner to aid the growth, stable credit profiles and liquidity for energy infrastructure companies.