However, the ratings agency believes the headroom available for HIAL to manage any further downside risks have narrowed relative to previous expectations.
It will be the first ministerial visit from Australia after it joined a new security alliance with the UK and the US that triggered sharp reactions from France and raised apprehensions about its possible impact on the Quad.
Delay in various clearances and cumbersome application process have long discouraged large multi-national corporations from either investing in India or scaling up operations in the country, something that the government has been seeking to change.
