Singapore India city Delhi county Moody outbreak president Singapore India city Delhi county Moody

Moody's downgrades Delhi Airport's ratings to Ba3

Reading now: 594
www.livemint.com

SINGAPORE : Moody's Investors Service on Wednesday downgraded Delhi International Airport Ltd's (DIAL's) corporate family rating and senior secured ratings to Ba3 from Ba2.

At the same time, Moody's downgraded DIAL's baseline credit assessment to Ba3 from Ba2. The ratings have also been placed on review for further downgrade.

The outlook has been changed to rating under review from stable. "The rating action reflects the worsening coronavirus outbreak and the increasingly stringent travel restrictions imposed both in India and globally, including ongoing measures introduced by the government," said Moody's. "The downgrade to Ba3 reflects our expectation of a sharp decline in passenger and aircraft traffic at Delhi Airport in the coming

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA