Brisbane Airport?s A$1.5 Billion Medium-Term Notes Program And Initial A$200 Million Proposed Issue Rated 'BBB' - S&P Global Ratings’ Credit Research

Brisbane Airport?s A$1.5 Billion Medium-Term Notes Program And Initial A$200 Million Proposed Issue Rated 'BBB'

Brisbane Airport?s A$1.5 Billion Medium-Term Notes Program And Initial A$200 Million Proposed Issue Rated 'BBB' - S&P Global Ratings’ Credit Research
Brisbane Airport?s A$1.5 Billion Medium-Term Notes Program And Initial A$200 Million Proposed Issue Rated 'BBB'
Published Mar 23, 2011
Published Mar 23, 2011
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MELBOURNE (Standard&Poor's) March 23, 2011—Standard&Poor's Ratings Services today said that it had assigned its 'BBB' long-term rating to Brisbane Airport Corp. Pty Ltd.'s (BAC; BBB/Stable/NR) A$1.5 billion medium-term notes (MTN) program and its proposed maiden eight-year A$200 million issue maturing July 2019. The notes issued under the program rank pari passu with all of BAC's existing senior secured debt. Proceeds from the notes are expected to be used to partially refinance BAC's existing A$400 million bank debt maturing in July 2011, with the residual amount to come from a new U.S. dollar private-placement issuance. The 'BBB' corporate credit rating on BAC, the owner of Australia's third-largest airport, reflects our view of the airport's strong competitive position

  
Report Type:

Ratings Action

Ticker
1515Z@AU
Issuer
Brisbane Airport Corp. Pty Ltd.
GICS
Airport Services (20305010)
Sector
Global Issuers
Country
Australia
Region
Pacific
Format:
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Summary: Brisbane Airport Corp. Pty Ltd. – 2011/11/16 – US$ 225.00

Brisbane Airport Corp. Pty Ltd. – 2012/04/03 – US$ 500.00

Summary: Brisbane Airport Corp. Pty Ltd. – 2012/04/03 – US$ 225.00

Brisbane Airport Corp. Pty Ltd. – 2012/07/09 – US$ 500.00

Brisbane Airport Corp. Pty Ltd. – 2011/03/17 – US$ 500.00

Summary: Brisbane Airport Corp. Pty Ltd. – 2011/03/17 – US$ 225.00

Summary: Brisbane Airport Corp. Pty Ltd. – 2010/08/25 – US$ 225.00

Brisbane Airport Corp. Pty Ltd. – 2010/08/25 – US$ 500.00

Brisbane Airport Corp. Pty Ltd. – 2010/01/28 – US$ 500.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Brisbane Airport?s A$1.5 Billion Medium-Term Notes Program And Initial A$200 Million Proposed Issue Rated 'BBB'" Mar 23, 2011. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Brisbane-Airport-s-A-1-5-Billion-Medium-Term-Notes-Program-And-Initial-A-200-Million-Proposed-Issue-Rated-BBB-855864>
  
APA:
S&P Global Ratings’ Credit Research. (). Brisbane Airport?s A$1.5 Billion Medium-Term Notes Program And Initial A$200 Million Proposed Issue Rated 'BBB' Mar 23, 2011. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Brisbane-Airport-s-A-1-5-Billion-Medium-Term-Notes-Program-And-Initial-A-200-Million-Proposed-Issue-Rated-BBB-855864>
  
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