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Profitability Of European Airport Operators Is Rising, Despite Diverging Performances, Says Report May 11
Standard & Poors, May 2011
Abstract
LONDON (Standard & Poor's) May 20, 2011--The profitability and credit quality among rated European airport operators have continued to improve in 2011, according to a report published by Standard & Poor's Ratings Services titled ' Profitability Among European Airport Operators Improves In 2011, But Not All Are Benefiting From Rising Demand.' The majority of our rated European airports are performing in line with, or better than, our 2011 traffic forecast of between negative 1% and positive 3%. That said, airport location continues to affect traffic growth, and we believe that the differentiation in performance between capital city airports and more regional airports witnessed in 2010 will continue in 2011. 'The divergence in traffic performance reflects the benefit an airport derives...
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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