Azure IPI cluster install stuck with error Some cluster operators are stuck updating

Issue

• Observing that the installation is getting stuck with below error:

  DEBUG Still waiting for the cluster to initialize: Working towards 4.8.1: 655 of 676 done (96% complete) 
  DEBUG Still waiting for the cluster to initialize: Some cluster operators are still updating: authentication, console, ingress 
  timed out waiting for input: auto-logout
  

• Events in the ingress project show 403 authorization errors:

  $ oc get events -n openshift-ingress
  
  LAST SEEN  TYPE     REASON                  OBJECT                  MESSAGE
  2h55m      Normal   EnsuringLoadBalancer    service/router-default  Ensuring load balancer
  1m25s      Normal   EnsuringLoadBalancer    service/router-default  Ensuring load balancer
  1h46m      Warning  SyncLoadBalancerFailed  service/router-default  Error syncing load balancer: failed to ensure load balancer: Retriable: false, RetryAfter: 0s, HTTPStatusCode: 403, RawError: Retriable: false, RetryAfter: 0s, HTTPStatusCode: 403, RawError: {"error":{"code":"AuthorizationFailed","message":"The client 'xxx-xxx-xxx-xxx' with object id 'xxx-xxx-xxx-xxx' does not have authorization to perform action 'Microsoft.Network/loadBalancers/read' over scope '/subscriptions/xxxxxxxxx/resourceGroups/example/providers/Microsoft.Network' or the scope is invalid. If access was recently granted, please refresh your credentials."}}