S&P affirms Vancouver International

Standard & Poor's said it affirmed its AA long-term issuer credit and senior unsecured debt ratings on Vancouver International Airport Authority (VIAA), operator and developer of Vancouver International Airport. The outlook is stable.

"In part, the ratings reflect what we view as strong and fairly predictable operating cash flows, given VIAA's monopoly on airport services in the City of Vancouver and surrounding region," said S&P credit analyst Paul Judson in a news release. YVR is Vancouver's primary international airport.

The agency said the ratings also reflect its view of the authority's flexibility to handle traffic downside scenarios by virtue of its full rate-setting ability over an essential transportation service for Vancouver travelers.

© 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.