Dublin Airport Authority credit rating drops to 'BBB'

The credit ratings agency, Standard & Poor, has reduced the credit rating of the Dublin Airport Authority (DAA) from BBB+ to BBB.

12th December, 2011
Dublin Airport Authority credit rating drops to 'BBB'
Dublin Airport

The credit rating agency, Standard & Poor, has reduced the credit rating of the Dublin Airport Authority (DAA) from BBB+ to BBB.

The ratings firm, which has stated it may reduce the ratings of eurozone countries, outlined its rationale for the cut in the airport authority's rating.

“In accordance with our criteria for rating government-related entities, we placed our 'BBB' long-term corporate credit rating on Ireland-based airport operator Dublin Airport Authority (DAA) on CreditWatch negative...

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