Delhi International Airport Ltd (DIAL) will maintain its competitive position but uncertainty continues to surround its cash flows on account of pending tariff decision, S&P said today.
Standard & Poor’s Ratings Services also said that DIAL, which operates the Delhi airport, is expected to maintain its good operating efficiency.
The agency affirmed its ‘BB’ long-term corporate credit rating on DIAL with a stable outlook. The ‘BB’ long-term issue rating on the company’s senior secured notes was retained.
“The affirmation reflects our view that DIAL will maintain its competitive position, and will generate strong cash flows, given the high tariffs,” S&P’s credit analyst Mehul Sukkawala said in a statement.
However, uncertainty continues to surround the extent to which the company’s cash flows could fall based on the pending tariff decision for the second regulatory period, he added.
“We expect DIAL to remain the largest airport in India by passenger and cargo volumes. The growth in passenger traffic in fiscal 2015 (year ended March 31) was higher than we had expected.
29/09/15 PTI/Financial Express
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Standard & Poor’s Ratings Services also said that DIAL, which operates the Delhi airport, is expected to maintain its good operating efficiency.
The agency affirmed its ‘BB’ long-term corporate credit rating on DIAL with a stable outlook. The ‘BB’ long-term issue rating on the company’s senior secured notes was retained.
“The affirmation reflects our view that DIAL will maintain its competitive position, and will generate strong cash flows, given the high tariffs,” S&P’s credit analyst Mehul Sukkawala said in a statement.
However, uncertainty continues to surround the extent to which the company’s cash flows could fall based on the pending tariff decision for the second regulatory period, he added.
“We expect DIAL to remain the largest airport in India by passenger and cargo volumes. The growth in passenger traffic in fiscal 2015 (year ended March 31) was higher than we had expected.
29/09/15 PTI/Financial Express
