Research Update: Irish Airport Authority DAA PLC Upgraded To 'A-' As Privatization Of Dublin Airport Ruled Out; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Irish Airport Authority DAA PLC Upgraded To 'A-' As Privatization Of Dublin Airport Ruled Out; Outlook Stable

Research Update: Irish Airport Authority DAA PLC Upgraded To 'A-' As Privatization Of Dublin Airport Ruled Out; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Irish Airport Authority DAA PLC Upgraded To 'A-' As Privatization Of Dublin Airport Ruled Out; Outlook Stable
Published Nov 30, 2015
Published Nov 30, 2015
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About This Report

  
Abstract:

The Irish government's 2015 National Aviation Plan ruled out privatization of Dublin Airport because of its strategic importance to the Irish economy. We are revising our assessment of the link between Irish airport operator DAA PLC and the Irish government to strong from limited. We're also revising our view of the likelihood of extraordinary support for DAA by the government to moderately high from moderate. We are therefore raising our long-term corporate credit rating on DAA to 'A-' from 'BBB+'. The stable outlook reflects our view that DAA's credit measures will remain broadly stable over the next couple of years, and that Dublin Airport will continue to be owned by the government. On Nov. 30, 2015, Standard&Poor's Ratings

  
Report Type:

Research Update

Ticker
784381Z@ID
Issuer
GICS
Airport Services (20305010)
Sector
Global Issuers
Country
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Irish Airport Authority DAA PLC Upgraded To 'A-' As Privatization Of Dublin Airport Ruled Out; Outlook Stable" Nov 30, 2015. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Irish-Airport-Authority-DAA-PLC-Upgraded-To-A-As-Privatization-Of-Dublin-Airport-Ruled-Out-Outlook-Stable-1488344>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Irish Airport Authority DAA PLC Upgraded To 'A-' As Privatization Of Dublin Airport Ruled Out; Outlook Stable Nov 30, 2015. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Irish-Airport-Authority-DAA-PLC-Upgraded-To-A-As-Privatization-Of-Dublin-Airport-Ruled-Out-Outlook-Stable-1488344>
  
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