Dublin Airport 'BBB' Rating Placed On CreditWatch Negative Following Similar Action On The Republic of Ireland Dec 11

Standard & Poors, December 2011

Abstract
On Dec. 5, 2011, we placed our 'BBB+' long-term and 'A-2' short-term ratings on the Republic of Ireland on CreditWatch negative. In accordance with our criteria for rating government-related entities, we placed our 'BBB' long-term corporate credit rating on Ireland-based airport operator Dublin Airport Authority PLC (DAA) on CreditWatch negative and affirmed our 'A-3' short-term corporate credit rating on DAA on Dec. 8, 2011. The CreditWatch placement reflects the risk that a deterioration of Ireland's creditworthiness may put pressure on the stand-alone credit profile and long-term rating on DAA. LONDON (Standard & Poor's) Dec. 12, 2011--As previously announced, on Dec. 8, 2011, Standard & Poor's Ratings Services placed its 'BBB' long-term corporate credit and issue ratings on Ireland-based airport operator...

Companies mentioned in this report are: Dublin Airport Authority PLC
Action: On CreditWatch:Negative

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.

Dublin Airport Authority PLC

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