India city Delhi covid-19 pandemic infection India city Delhi

Covid-19: Rating agency Moody's downgrades DIAL's corporate rating

Reading now: 345
www.livemint.com

Moody's on Friday said it has downgraded Delhi International Airport Limited's (DIAL) corporate family rating (CFR) and senior secured ratings to B1 from Ba3, taking into account the adverse impact of covid-19 pandemic on air passenger traffic.

The outlook is negative, the rating agency said.B1 credit rating by Moody's is considered high credit risk, while Ba3 rating is considered a significant credit risk."The rating downgrade reflects the adverse impact of reduced passenger traffic and airport revenue in the current fiscal year ending March 2022, due to the surge in daily infection numbers since late March," said Spencer Ng, vice president and senior analyst at Moody's."We believe the consequent reduction in revenue will lead to an.

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