S&P Corrects Rating On Brisbane Airport Corp. Pty Ltd.?s A$300 Million Floating-Rate Notes - S&P Global Ratings’ Credit Research

S&P Corrects Rating On Brisbane Airport Corp. Pty Ltd.?s A$300 Million Floating-Rate Notes

S&P Corrects Rating On Brisbane Airport Corp. Pty Ltd.?s A$300 Million Floating-Rate Notes - S&P Global Ratings’ Credit Research
S&P Corrects Rating On Brisbane Airport Corp. Pty Ltd.?s A$300 Million Floating-Rate Notes
Published Dec 06, 2011
933 words — Published Dec 06, 2011
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MELBOURNE (Standard&Poor's) Dec. 7, 2011--Standard&Poor's Ratings Services said today that it has corrected its rating on Brisbane Airport Corp. Pty Ltd.'s (BAC; BBB/Stable/--) A$300 million floating-rate notes maturing Dec. 17, 2017 (ISIN: AU3FN0004495) to AA-/Stable from AA+/Watch Neg. The rating on the notes is equalized to the rating on Assured Guaranty Municipal Corp. (AA-/Stable/--), which has insured the scheduled note payments. Because of an administrative error, the rating on the BAC notes was not lowered on Nov. 30, 2011, when we downgraded Assured to 'AA-' from 'AA+', and removed the issuer credit rating from CreditWatch with negative implications.

  
Brief Excerpt:

RESEARCH S&P Corrects Rating On Brisbane Airport Corp. Pty Ltd.aÇÖs A$300 Million Floating-Rate Notes Publication date: 06-Dec-2011 Primary Credit Analyst: Philip Grundy, Melbourne (61) 3-9631-2063; philip_grundy@standardandpoors.com...

  
Report Type:

Ratings Action

Ticker
1515Z@AU
Issuer
Brisbane Airport Corp. Pty Ltd.
GICS
Airport Services (20305010)
Sector
Global Issuers
Country
Australia
Region
Pacific
Format:
HTML HTML
Buy Now

Brisbane Airport Corp. Pty Ltd. – 2012/04/03 – US$ 500.00

Summary: Brisbane Airport Corp. Pty Ltd. – 2012/04/03 – US$ 225.00

Brisbane Airport Corp. Pty Ltd. – 2012/07/09 – US$ 500.00

Summary: Brisbane Airport Corp. Pty Ltd. – 2012/07/09 – US$ 225.00

Summary: Brisbane Airport Corp. Pty Ltd. – 2012/12/17 – US$ 225.00

Summary: Brisbane Airport Corp. Pty Ltd. – 2011/11/16 – US$ 225.00

Brisbane Airport Corp. Pty Ltd. – 2011/03/17 – US$ 500.00

Summary: Brisbane Airport Corp. Pty Ltd. – 2011/03/17 – US$ 225.00

Summary: Brisbane Airport Corp. Pty Ltd. – 2010/08/25 – US$ 225.00

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "S&P Corrects Rating On Brisbane Airport Corp. Pty Ltd.?s A$300 Million Floating-Rate Notes" Dec 06, 2011. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-Rating-On-Brisbane-Airport-Corp-Pty-Ltd-s-A-300-Million-Floating-Rate-Notes-919783>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Corrects Rating On Brisbane Airport Corp. Pty Ltd.?s A$300 Million Floating-Rate Notes Dec 06, 2011. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-Rating-On-Brisbane-Airport-Corp-Pty-Ltd-s-A-300-Million-Floating-Rate-Notes-919783>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.