FRANKFURT (Standard & Poor's) Aug. 24, 2006--Standard & Poor's Ratings Services said today that its ratings and outlook on Irish airport operator Dublin Airport Authority PLC (A/Negative/A-1) remain unchanged following the company's announcement that it has accepted tenders for the sale of seven of its eight Great Southern hotels as a going concern. The gross proceeds of the sale will be in excess of Ç260 million. We expect that the company will use the proceeds to fund part of its capital expenditure program over the next few years. While the sale is seen as positive from a financial and operational perspective, the ratings and negative outlook remain driven by uncertainty over the level of the company's capital expenditure and the
