by Amruth Sundarkumar | Jul 5, 2021 | Credit Ratings, India
In another blow to India’s largest international airport, Fitch Ratings downgraded Delhi International Airport Limited (DIAL) to BB- from BB with a negative outlook. The rating agency downgraded the airport’s Long-Term Issuer Default Rating (IDR), the...
by Amruth Sundarkumar | Jun 14, 2021 | Credit Ratings, High Yield Bonds, India
Delhi International Airport Ltd. (DIAL) was downgraded by Moody’s to B1 from Ba3. Moody’s also downgraded DIAL’s Baseline Credit Assessment (BCA) to b1 from ba3 and Cliffton Ltd.’s senior secured bond rating to B1 from Ba3. The outlook is negative. The...
by bondevalue | Mar 19, 2021 | High Yield Bonds, India
Cliffton/Delhi International Airport raised $450mn via a 4Y7M green bond at a yield of 6.25%, 25bp inside initial guidance of 6.5% area. The secured bonds have expected ratings of Ba3/BB, and received orders over $1.28bn, 2.8x issue size. Asia took 36% of the bonds,...
by bondevalue | Mar 16, 2021 | High Yield Bonds, India
Delhi International Airport Ltd (DIAL) extended the tender offer for its 6.125% 2022s from the previous deadline of March 15 to March 18, 2021. If the offer is successful, it will purchase the notes at $1,020 per $1000 in principal plus accrued interest. DIAL will not...
