MELBOURNE (Standard&Poor's) Oct. 7, 2003--Standard&Poor's Ratings Services said today it has assigned its 'AAA' long-term rating to Brisbane Airport Corp.'s proposed A$350 million credit-wrapped note issue. The floating-rate notes, which will comprise two tranches of A$200 million and A$150 million, are available for issue until July 2004, and will have a maturity of 10 years. The rating on the notes will benefit from a guarantee by MBIA Insurance Corp. (AAA/Stable). At the same time Standard&Poor's affirmed its 'BBB-' long-term and 'A-3' short-term corporate credit ratings on Brisbane Airport Corp. The outlook is stable. "The proposed issue by Brisbane Airport will lengthen the company's debt-maturity profile and improve its debt-capital structure," said credit analyst Laurie
