The 'BBB+' rating on airport operator Dublin Airport Authority PLC (DAA) is based on the company's stand-alone credit profile (SACP), which Standard&Poor's Ratings Services assesses at 'bbb', and on our opinion that there is a "moderate" likelihood that the government of the Republic of Ireland (AA-/Negative/A-1+) would provide timely and sufficient extraordinary support to DAA in the event of financial distress. In accordance with our criteria for government-related entities, this view is based on our assessment of DAA's: "Important" role in Ireland's economy, given the essential infrastructure role of Dublin airport as an international gateway for Ireland and its key strategic role in relation to air access, inward investment, and general economic development; and "Limited" link with the
