On Feb. 16, 2006, Standard&Poor's Ratings Services affirmed its 'A' long-term and 'A-1' short-term corporate credit ratings on Irish airport operator Dublin Airport Authority PLC (DAA), as well as its 'A' long-term senior unsecured debt rating on DAA Finance PLC's €250 million 6.15% bond issue (guaranteed by DAA). At the same time, all ratings were removed from CreditWatch, where they had been placed with negative implications on Oct. 5, 2005. The outlook is negative. The rating action reflects our expectation that a final determination by the regulator, the Irish Commission for Aviation Regulation (the Commission), on airport charges for the period 2006-2009 could take longer than initially planned, owing to the impending Aviation Appeal Panel process and the
