Credit Rating (9058W)
27 November 2010 - 1:45AM
UK Regulatory
TIDM50PU
RNS Number : 9058W
DAA Finance PLC
26 November 2010
DAA Finance plc
EUR250,000,000 6.15 per cent. notes due 2011 of DAA Finance plc,
guaranteed by Dublin Airport Authority plc (ISIN:XS0124714832)
EUR600,000,000 6.5872 per cent. notes due 2018 of DAA Finance
plc, guaranteed by Dublin Airport Authority plc
(ISIN:XS0375220588)
Standard & Poor's Rating Services ("S&P") has today
changed Dublin Airport Authority plc's ("DAA") long-term corporate
credit rating from BBB+ (Negative) to BBB (CreditWatch Negative).
Consequent upon their lowering of the ratings on Ireland to 'A/A-1'
(CreditWatch negative) earlier this week, in accordance with their
criteria on government-related entities, S&P has removed the
one-notch uplift it previously applied to DAA's stand-alone credit
profile for extraordinary support.
At the same time, DAA's short term credit rating was also
changed from A-2 to A-3.
26 November 2010
Enquiries: Ray Gray, Director, DAA Finance plc
Telephone number: +353 1 814 5265
Feargal O'Reilly, Director, DAA Finance plc
Telephone number: +353 1 814 1690
This announcement has been issued through the Companies
Announcement Service of
the Irish Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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