Auckland Airport Retains A- Standard & Poor's Credit Rating
OREANDA-NEWS. 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 USD 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.”