DAA Finance plc Statement
DAA Finance plc
EUR549,650,000 6.5872 per cent notes due 2018 of DAA Finance plc, guaranteed by Dublin Airport Authority plc (ISIN:XS0375220588)
Credit Rating Update
Standard & Poor’s (“S&P”) Ratings Services has today affirmed Dublin Airport Authority plc’s (“DAA”) corporate credit rating of ‘BBB’ long-term and ‘A-2’ short-term and revised the rating outlook to “Stable” from “Negative” due to DAA’s credit measures improving significantly over the past year and an improvement in Ireland’s macroeconomic environment.
In addition, S&P affirmed the ‘BBB’ issue rating on DAA Finance plc’s notes due 2018.
Enquiries:
Ray Gray, Group Chief Financial Officer, DAA
Telephone number: +353 1 814 5265/6
ray.gray@daa.ie
Richard Commins, Group Financial Controller, DAA
Telephone number: +353 1 814 5294