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Airport Authority Hong Kong Rating Unaffected By Proposed High Capital Investment Under Master Plan 2030 Jun 11
Standard & Poors, June 2011
Abstract
HONG KONG (Standard & Poor's) June 9, 2011--Standard & Poor's Ratings Services said today that the rating on Airport Authority Hong Kong (AAHK: AAA/Stable/--; Greater China credit scale cnAAA) will not be affected by a proposed sizable investment under the Hong Kong International Airport Master Plan 2030. Nevertheless, we believe AAHK's stand-alone credit profile of 'aa-' could weaken unless the Authority carefully manages any significant increase in balance sheet leverage. 'We expect the master plan to strengthen or maintain Hong Kong International Airport's strong competitive position and AAHK's excellent business risk profile,' said Standard & Poor's credit analyst Gloria Lu. 'Investment costs will be very high, however, so funding sources will be a key factor in determining the impact on...
Companies mentioned in this report are: Airport Authority Hong Kong
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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