S&P cuts Edmonton Airports

Standard & Poor's said it downgraded Edmonton Regional Airports Authority's long-term issuer credit and senior secured debt ratings to A from A+.

The outlook is stable.

The ratings reflect the expectation that the authority will raise rates to recover costs and experience a weakening in its debt ratios during the next two years as it proceeds with a large capital program in a much softer traffic climate, S&P said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.