Auckland Airport's credit rating outlook 'positive' on smaller capital spending programme

Thu, 27 Sep 2012

By Paul McBeth Sept. 27 (BusinessDesk) - Auckland International Airport, the country's biggest gateway, has had its credit rating outlook upgraded to 'positive' by rating agency Standard & Poor's due to a smaller-than-expected spending programme to cope with congestion at its domestic terminal. The global rating agency affirmed the airport's A-/A-2 issuer credit ratings and said it could be lifted one notch in the coming year because of a less intensive short-term capital expenditure programme. S&P expects the airport's debt to be about $100...

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