Yamuna International Airport s proposed term loans rated at Provisional IND A- /Stable by India Ratings
Posted On: 2021-03-08 06:02:10 (Time Zone: Arizona, USA)
India Ratings and Research (Ind-Ra) has rated Yamuna International Airport Private Limited s (YIAPL) proposed term loan as Provisional IND A- and stable. The rating reflects the moderate construction risk, significant traffic growth potential in the Delhi-National Capital Region, the stable regulatory regime of the sector, the strong financial profile and long-standing experience of the sponsor ZAIA in the airport sector as well as a suitable debt structure of the project.
Yamuna International Airport Private Limited (YIAPL) considers that this credit rating testifies Zurich Airport International s (ZAIA) commitment to support the India growth story, and the importance of experienced and financially sustainable investors for the strategically important aviation sector in a very challenging market environment.
The Mizoram government has provided relief for the time being to people crossing over into Indian territory following military coup in Myanmar and waiting for a direction from the Centre as regard to their future stay here, state Home minister Lalchamliana said on Monday He informed the state legislative assembly that some people from Myanmar have sneaked into Mizoram in the recent days due to the volatile political situation in the neighbouring country. A detailed record of the identities and other particulars of the Myanmar nationals, who have entered into Mizoram due to the humanitarian crisis, is being prepared and relief is provided to them by the state government for the time being.
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Tribune News Service
New Delhi, March 5
All Overseas Citizen of India (OCI) cardholders are required to take special permission from the central government if they want to be involved in any mission