Moody's stabilizes Delhi Airport trend

Moody's Investors Service said it changed the outlook on Delhi International Airport Ltd. and India Airport Infra (previously Cliffton Ltd.) to stable from negative.

"The outlook change and rating affirmations reflect the sustained improvement in passenger traffic at Delhi Airport, as well as the airport's progress in securing additional funding for its expansion, which has reduced potential downside risks to the ratings over the next 12-18 months," said Spencer Ng, a Moody's vice president and senior credit officer, in a press release.

Moody’s concurrently affirmed the B1 ratings on Delhi Airport and its bonds.

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