Fitch downgrades Delhi Airport to BB with negative outlook

Fitch Ratings said on Monday it has downgraded Delhi International Airport Ltd's (DIAL's) long-term issuer default rating (IDR) and the ratings on its outstanding senior unsecured notes to BB from BB-plus. The outlook is negative, it added. The downgrade reflects a sharp drop in DIAL's volume in 2020 due to significant travel restrictions to curb the spread of coronavirus.