Secure market position and resilient passenger traffic, leading to robust cash flow; Good growth prospects, with some revenue diversity occurring; and Good history of shareholder support, combined with clear financial policies and targets. Aggressive financial profile; and Small-to-moderate catchment size relative to global peers. The ratings on Brisbane Airports Corp. (BAC) reflect the airport's secure market position and resilient passenger traffic level, which underpin robust cash flow. In addition, the company has good growth prospects, with some revenue diversity occurring. Offsetting these strengths are BAC's aggressive financial profile and its small to moderate catchment size. Brisbane Airport has a strong competitive position for international, domestic, and regional traffic into Queensland. The other prominent airports in the state (Gold Coast Airport
