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ICRA expects the average Debt/OPBITDA of logistics companies to weaken to 4.1x and interest coverage ratio to average at 2.6x as compared to 2.5x and 4.9 x respectively in FY2020.

ICRA’s outlook on Indian road logistics industry remains Negative

6 Oct 2020 5:12 AM GMT

October 6, 2020: The credit rating agency ICRA maintained the outlook on Indian road logistics industry as Negative due to continuing pressures on the...

SAROD-Ports is a newly launched for dispute resolution mechanism in maritime Sector, comprising of major ports, non-major ports and PPP players operating at major ports.

SAROD-Ports will attract more private funding into Indian ports: ICRA

26 Sep 2020 6:24 AM GMT

September 26, 2020: The credit rating agency ICRA Ratings noted that launch of SAROD-Ports (Society for Affordable Redressal of Disputes – Ports) by...

The localised lockdowns imposed in Tamil Nadu and Maharashtra had adversely affected the toll collections for the stretches located in these states in July (reported 65-75 percent of pre Covid levels).

90% commercial vehicles back on road, toll collections indicate: ICRA

31 Aug 2020 12:00 PM GMT

August 31, 2020: Post the resumption of tolling on national highways from April 20, 2020, the movement of commercial vehicles picked up significant...

ICRA also anticipates the domestic freight transportation revenue to fall by 18-20 percent in fiscal 2020-21 and compared to its April 2020 estimation of 8-10 percent.

ICRA downgrades outlook on Indian road logistics from Stable to Negative

4 Aug 2020 3:39 PM GMT

August 5, 2020: The credit rating agency ICRA downgraded its outlook on Indian road logistics industry to ‘Negative’ from ‘Stable’ citing the...

Since the projects are mainly driven by the private sector, given the steep economic contraction, many discretionary capital expenditure (capex) plans may be further postponed.

Sagarmala projects to delay 6-12 months; container volume to decline 12-15%: ICRA

30 Jun 2020 4:10 AM GMT

June 30, 2020: The credit rating agency ICRA forecasts that the Indian port sector is likely to witness 5-8 percent contraction of cargo volumes in...

Due to the decline in passenger traffic in FY 2021, the industry is expected to report revenue degrowth of 44 percent during FY2021. Industry-level debt is expected to be Rs 465 billion.

Indian aviation industry will require Rs 350 billion over FY 2021-23: ICRA

17 May 2020 9:14 AM GMT

May 17, 2020: The credit rating agency ICRA in its latest analysis noted that the domestic aviation industry of India will require additional funding...