Irish airport operator Dublin Airport Authority (DAA) expects to show significant EBITDA recovery in the 12 months to Dec. 31, 2010, in spite of continued traffic contraction at DAA's three airports. We are affirming our 'BBB' long-term and 'A-3' short-term corporate credit ratings on DAA. At the same time, we are removing all the ratings from CreditWatch negative. The negative outlook reflects our view of the continued uncertainty surrounding a recovery in airport passenger traffic in 2011, which could put DAA's credit metrics under pressure. On April 4, 2011, Standard&Poor's Ratings Services affirmed its 'BBB' long-term and 'A-3' short-term corporate credit ratings on Irish airport operator Dublin Airport Authority (DAA). In addition, we affirmed the 'BBB' issue rating
