FITCH AFFIRMS DIAL’S BOND RATING AT BB+

NEW DELHI: Fitch Ratings on Tuesday revised its ratings for Delhi International Airport Limited’s (DIAL) long-term issuer default rating (IDR) and bond issue to ‘BB+’ with a negative outlook. “The negative outlook reflects the ongoing uncertainty over the timing and duration of the traffic shock and recovery triggered by the coronavirus pandemic. A prolonged pandemic and nationwide lockdown, and further deterioration in the economy will reduce air passenger traffic, leading to lower aeronautical and non-aeronautical revenue,” it added.