Irish government would bail out DAA, says ratings agency

S&P upgraded the Dublin Airport Authority from BBB+ to A-

Dublin Airport accounts for 80 per cent of the earnings of the DAA Pic: Rollingnews.ie

The Irish government would bail out the Dublin Airport Authority if it needed to, according to ratings agency Standard and Poor’s (S&P), in its recent justification for upgrading the authority’s credit rating.

S&P upgraded the Dublin Airport Authority's credit rating from BBB+ to A-, based on its assessment that the company’s links with the state were now ‘strong’ rather than ‘limited’.

The ratings agency said that because of the strong links between the ...