{"id":420262,"date":"2021-06-14T12:40:48","date_gmt":"2021-06-14T07:10:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=420262"},"modified":"2021-06-14T12:40:48","modified_gmt":"2021-06-14T07:10:48","slug":"covid-woes-moodys-downgrades-gmrs-delhi-airport","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-woes-moodys-downgrades-gmrs-delhi-airport\/","title":{"rendered":"Covid Woes: Moody\u2019s downgrades GMR\u2019s Delhi airport"},"content":{"rendered":"<p>Moody\u2019s Investors Service on Friday downgraded Delhi International Airport Limited\u2019s (DIAL) corporate family rating (CFR) and senior secured ratings to \u2018B1\u2019 from \u2018Ba3\u2019. The rating agency also downgraded DIAL\u2019s baseline credit assessment (BCA) and Cliffton Limited\u2019s senior secured bond rating to \u2018B1\u2019 from \u2018Ba3\u2019, and said the outlook on the ratings is negative.<\/p>\n<p>Moody\u2019s said the negative outlook captures downside risks over the next 12-18 months, given the material uncertainty in the recovery of India\u2019s passenger traffic, which will be heavily influenced by when travel restrictions are lifted and the successful roll-out of vaccines as outlined by the government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moody\u2019s Investors Service on Friday downgraded Delhi International Airport Limited\u2019s (DIAL) corporate family rating (CFR) and senior secured ratings to \u2018B1\u2019 from \u2018Ba3\u2019. The rating agency also downgraded DIAL\u2019s baseline credit assessment (BCA) and Cliffton Limited\u2019s senior secured bond rating to \u2018B1\u2019 from \u2018Ba3\u2019, and said the outlook on the ratings is negative. Moody\u2019s said the negative outlook captures downside risks over the next 12-18 months, given the material uncertainty in the recovery of India\u2019s passenger traffic, which will be heavily influenced by when travel restrictions are lifted and the successful roll-out of vaccines as outlined by the government.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-420262","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=420262"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/420262\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=420262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=420262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=420262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}