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Brisbane Airport's credit rating downgraded by Moody's

25-Jun-2010 11:04 AM

Australia's Brisbane Airport Corporation's credit rating was downgraded from BAA1 to BAA2 by Moody's, citing the airport's long-term expansion program could reduce its financial capacity (Yahoo Finance, 24-Jun-2010). It also said competition from Gold Coast Airport could affect its rate of growth. The rating outlook is stable.