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Standard & Poor's affirms its credit ratings on Westralia and Adelaide

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:

  • Strong business position, due to the airport's natural monopoly and resilient traffic;
  • Robust and moderately diverse cash flow;
  • 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;

  • Resilient domestic passenger traffic;
  • Revenue diversity, with minimal aeronautical revenue regulation. The outlook is ‘Stable’.

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