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| Abstract: | Solid passenger growth with nearly 100% origination-destination passenger levels Strong commercial skills Very strong competitive position Risks associated with the execution of its very large capital expenditure program over the next 10 years Financial profile that will likely weaken over the next three to five years owing to the investment program The ratings on airport operator Dublin Airport Authority PLC (DAA) reflect its dominant competitive position in the Republic of Ireland (AAA/Stable/A-1+). They also reflect DAA's strong commercial skills, the high level of origin-destination passengers passing through its airports, and continued strong passenger growth. In addition, an improved regulatory environment and the publication of an interim review decision on airport charges for Dublin Airport have removed significant uncertainties regarding future |
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| Brief Excerpt: | RESEARCH Dublin Airport Authority PLC Publication date: 25-Jan-2008 Primary Credit Analyst: Maria Lemos, CFA, London (44) 20-7176-3749; maria_lemos@standardandpoors.com Secondary Credit Analyst: Elif Acar, London (44) 20-7176-3612;... |
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| Report Type: | |
| Ticker | 1028Z@ID |
| Issuer | |
| GICS | Airport Services (20305010) |
| Sector | Aerospace & Defense, Corporations, Global Issuers |
| Country | |
| Region | Europe, Middle East, Africa |
| Format: | | HTML |  |
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