On Oct. 18, 2002, Standard & Poor's Ratings Services revised the outlook on Irish airport operator Aer Rianta to negative from positive, in light of expected deterioration in its financial profile. At the same time, Standard & Poor's affirmed its long-term single-'A'-plus and short-term 'A-1' corporate credit ratings on the company. At the same time, Standard & Poor's affirmed its long-term single-'A'-plus senior unsecured debt rating on related entity Aer Rianta Finance PLC's Ç250 million ($246 million) 6.15% bond issue, guaranteed by Aer Rianta. Aer Rianta owns and operates Dublin, Shannon, and Cork airports and handles almost all passengers to and from Ireland. The outlook revision is based on Standard & Poor's expectation that Aer Rianta's financial profile will deteriorate
