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European airport credit quality suffers turbulence


Airport Investor Monthly commissioned Alexandre de Lestrange, an analyst at Standard & Poor’s (S&P) Infrastructure Finance Ratings to examine the rating actions taken in 2008, and forecasts for the European Airport sector in 2009. [2115 words]

Unlock the following content in this report:


  • Ratings weaken since late 2008
  • The main rating actions in 2008 include:
  • The main rating actions in 2009 include:
  • Further weakening of credit quality
  • Traffic evolution paramount for future ratings
  • Light at the end of the tunnel?
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