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Summary: Airservices Australia Feb 13

  • ID: 2420045
  • February 2013
  • Region: Australia
  • Standard & Poors

The 'AAA' rating on Airservices Australia (AsA), Australia's only air-navigation service provider, reflects the long-term rating of the company's 100% owner, the Commonwealth of Australia (AAA/Stable/A-1+). Because we believe that there is an almost certain likelihood of extraordinary support from the government if AsA were to experience financial distress, under our criteria for rating government-related entities, "Rating Government-Related Entities: Methodology And Assumptions" published to Global Credit Portal on Dec. 9, 2010, we equate AsA's rating with that of Commonwealth of Australia. We view AsA's stand-alone credit profile (SACP) as 'aa', underpinned by our opinion of AsA's "excellent" business risk profile and "modest" financial risk profile. The GRE support is derived from our assessment of AsA's critical role and integral link...

Companies mentioned in this report are:
- Airservices Australia

Action: Review

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- Airservices Australia

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