LONDON (Standard&Poor's CreditWire) June 29, 2001--Standard&Poor's today placed its single-'A'-plus long-term and its 'A-1' short-term corporate credit ratings on Aer Rianta on CreditWatch with positive implications. At the same time, the long-term single-'A'-plus senior unsecured ratings on Aer Rianta Finance PLC's €250 million 6.15% bond issue (guaranteed by Aer Rianta) were placed on CreditWatch with positive implications. The CreditWatch placement follows the publication of the draft determinations on airport charges by the Irish Commission of Airport Regulation (the Commission) on June 26, 2001. The draft determinations propose maximum airport charges for Dublin, Shannon, and Cork airports, all of which are 100% owned by Aer Rianta. Overall, Standard&Poor's considers that the draft proposal would support
