Moody's pulls Wellington Airport credit rating 'for business reasons'

Thu, 29 Oct 2015

By Paul McBeth Oct. 29 (BusinessDesk) - Moody's Investors Service, the global rating agency, has withdrawn its A2 rating for Wellington International Airport for its own business reasons. "Moody's has withdrawn the rating for its own business reasons," referring to its policy of withdrawing its oversight relating to its own operations, and which don't reflect on the issuer. Wellington Airport is 66 percent owned by listed infrastructure investor Infratil, with the balance held by the Wellington City Council, and has $75 million of listed...

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