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Auckland Airport retains A- Standard & Poor’s credit rating
Auckland Airport retains A- Standard & Poor’s credit rating
Auckland Airport has welcomed Standard & Poor’s decision to maintain the Company’s A- long term credit rating.
The outlook revision from positive to stable followed last week’s announcement by Auckland Airport of its intention to return $454 million of capital to its shareholders.
Simon Robertson, Auckland Airport’s chief financial officer, says, “Today’s Standard & Poor’s credit rating confirmation confirms our expectations when we announced the capital return.”
“Standard & Poor’s has revised our long-term outlook from positive to stable, inclusive of a lift in business risk profile to excellent from strong. Our short-term credit rating has been confirmed as A-2.”
“Today’s Standard & Poor’s announcement can give confidence to investors that Auckland Airport remains a solid investment with a strong A- credit rating.”
More information is available online at: http://www.aucklandairport.co.nz/Corporate/Investors
A copy of the S&P’s announcement is available here.
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