Moody’s Flags IndiGo Chaos As Credit Negative

Moody’s criticizes IndiGo for poor preparation for aviation regulations, calling it credit negative. Flight disruptions affected over 1,000 services nationwide, amplified by the airline’s market dominance. DGCA issued a show-cause notice. IndiGo has refunded Rs 827 crore and returned 4,500 bags. Shares fell 8.28% to Rs 4,926.55.