Summary: Dublin Airport Authority PLC - S&P Global Ratings’ Credit Research

Summary: Dublin Airport Authority PLC

Summary: Dublin Airport Authority PLC - S&P Global Ratings’ Credit Research
Summary: Dublin Airport Authority PLC
Published May 07, 2014
Published May 07, 2014
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Dominant competitive position. DAA's airports capture 90% of passengers flying to and from Ireland. High volatility of passenger numbers relative to other airports with a strong business risk profile. Dublin Airport's favorable regulatory regime has supported the company's resilience in cash flows. High cash balances support the company's credit metrics. Moderate financial policy. Standard&Poor's Ratings Services' positive outlook on Irish airport operator Dublin Airport Authority PLC (DAA) reflects the possibility that we could raise the long-term corporate credit rating on DAA by one notch if Standard&Poor's adjusted-weighted-average funds from operations (FFO) to debt remains at least 20% on a sustainable basis. We expect the determination of Dublin Airport's economic regulation agreement for 2015 to 2019 to

  
Report Type:

Summary

Ticker
784381Z@ID
Issuer
Dublin Airport Authority PLC
GICS
Airport Services (20305010)
Sector
Global Issuers
Country
Ireland
Region
Europe, Middle East, Africa
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Dublin Airport Authority PLC" May 07, 2014. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Dublin-Airport-Authority-PLC-1312287>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Dublin Airport Authority PLC May 07, 2014. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Dublin-Airport-Authority-PLC-1312287>
  
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