20-Dec-2005 11:44 AM
Standard & Poor's affirms its credit ratings on Westralia and Adelaide
Analysis
SYDNEY (Centre for Asia Pacific Aviation) - Standard & Poor's Ratings Services affirmed its 'BBB-' corporate credit rating on Westralia Airports Corp Pty Ltd, attributed to:
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Strong business position, due to the airport's natural monopoly and resilient traffic;
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Robust and moderately diverse cash flow;
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Strong security package benefiting secured lenders. The outlook is 'Stable'.
Meanwhile, Standard & Poor's Ratings Services also affirmed its 'BBB-' corporate credit rating to Adelaide Airport Ltd, attributed to: Natural monopoly position in South Australia;
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Resilient domestic passenger traffic;
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Revenue diversity, with minimal aeronautical revenue regulation. The outlook is 'Stable'.
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