Decline in passenger traffic may impact DIAL: Moody’s

Moody’s Investors Service (MIS) on Thursday cautioned that a sharp decline in passenger traffic could impact GMR-owned Delhi International Airport Ltd’s (DIAL’s) ability to preserve its credit profile while undertaking a debt-funded expansion plan.

DIAL will raise `9,800 crore to fund major expansion activities at IGI airport, including a new terminal building and a runway in the next three years.