FITCH AFFIRMS DIAL’S BOND RATING AT BB+

Hindustan Times (Jalandhar) - - BUSINESS -

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.

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