The ratings on Brisbane Airport Corp. Pty Ltd. (BAC) reflect the airport's secure market position, resilient passenger traffic, good growth prospects, and increasing revenue diversity. Offsetting these strengths are BAC's aggressive financial profile and the airport's small-to-moderate catchment size. Brisbane Airport has a strong competitive position for international, domestic, and regional traffic into the State of Queensland, a region undergoing swift economic and demographic growth. This growth supports robust demand for airport services into the capital city. The other prominent airports in the state (Gold Coast Airport and Cairns Airport) lack a sizeable catchment base, have poor links to domestic and international flights, and have very limited business traffic, reducing their attraction to international airlines. BAC is expected to retain
