S&P ups Delhi airport view to positive

S&P said changed its outlook for Delhi International Airport Ltd. to positive from stable and affirmed the B ratings on the issuer and its senior secured notes.

“The positive outlook indicates that we may raise the ratings over the next 12 months if DIAL's adjusted EBITDA margin strengthens from our estimate of 26% for fiscal 2023, backed by a continued passenger traffic recovery and timely receipt of commercial property development (CPD) income,” the agency said in a press release.

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