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Summary: Airservices Australia Product Image

Summary: Airservices Australia

  • ID: 1577222
  • March 2011
  • Region: Australia
  • Standard & Poors

Abstract
The ratings on Airservices Australia (AsA), an air-navigation service provider 100% owned by the Commonwealth of Australia (AAA/Stable/A-1+), reflect our view of the likelihood of extraordinary government support for the timely repayment of AsA's financial obligations. In our opinion, there is an 'almost certain' likelihood that the Australian government would provide timely and sufficient extraordinary support to AsA in the event of financial distress. In accordance with our criteria for government-related entities (GREs; see "Rating Government-Related Entities: Methodology And Assumptions," published Dec. 9, 2010), our view of an 'almost certain' likelihood of extraordinary government support is based on our assessment of: AsA's 'Critical Role' providing civil and military air traffic control, which is of strategic importance to Australia's economy, public

Article Type:SUMMARY
Companies mentioned in this report are: Airservices Australia
Action: Review

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