DAA Finance plc Statement
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
Following the announcement on 3 December 2012 by the Irish government of its decision to proceed with a restructuring of Dublin Airport Authority plc (“DAA“) pursuant to which the business, assets and liabilities of Shannon airport will be separated from DAA on 31 December 2012 in accordance with the State Airports Act 2004, Standard & Poor’s (“S&P”) Ratings Services has today affirmed DAA’s corporate credit rating of ‘BBB’ long-term and ‘A-2’ short-term.
In addition, S&P affirmed the ‘BBB’ issue rating on DAA Finance plc’s €550 million 6.5872 per cent. notes due 2018. The outlook remains negative.
Enquiries: Ray Gray, Group Chief Financial Officer, DAA
Telephone number: +353 1 814 5265/6
Richard Commins, Group Financial Controller, DAA
Telephone number: +353 1 814 5294