Published on : Tuesday, December 3, 2013
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.”
Source:- Auckland Airport
Tags: Airline News
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