DBRS: Edmonton airports stable

DBRS said it confirmed the rating of the revenue bonds issued by the Edmonton Regional Airports Authority at A (high) and changed the trend to stable from negative.

The revision of the trend to stable reflects the recent improvements in passenger traffic, the authority's significant progress in the implementation of its capital program in a timely and cost-effective manner and DBRS' expectation that while peak debt levels will place stress on credit metrics, key ratios will remain appropriate for the rating category, the agency said.

DBRS said the authority's low user rates and fees and its willingness and ability to raise them as needed to keep its debt affordable are also factored into the trend change

© 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.