S&P: Delhi International view to negative

S&P said it revised the outlook for Delhi International Airport Ltd. to negative from stable.

“We revised the outlook on DIAL because the company's high spending plans, in the absence of any positive regulatory development under its upcoming control period 3 (CP3) (April 2019-March 2024) tariff reset, could sustainably increase leverage beyond our expectations for the current rating level within the next 12 months. Furthermore, the expected deposits and rental income from Bharti Realty have yet to be received, pending approval from the Airport Authority of India (AAI),” S&P said in a press release.

S&P affirmed the BB ratings on Delhi and its senior secured notes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.