Mumbai, Dec. 8 -- Global credit rating agency Moody's Ratings issued an official statement on Monday stating that widespread disruptions in IndiGo flights, could result in financial damage due to loss of revenue.
In a note, Moody's said the disruptions are "credit negative" for the airline. "Despite temporary reprieve, failure to effectively plan for new aviation regulations is credit negative.""The disruptions are credit negative because IndiGo could face significant financial damage from loss of revenue because of flight cancellations, refunds and other compensation to affected customers, along with potential penalties imposed by DGCA," according to the Moody's statement.
Although IndiGo's 'Baa3' rating with a stable outlook remains unc...