Rating
Credit rating agencies Moody’s Investors Service and Fitch Ratings have assigned the following Long-Term Issuer Default Rating (IDR):
| Date | Agency | Rating | More information |
|---|---|---|---|
| 24 June 2020 | Moody's Investors Service | A3 with Negative Outlook | Moody's (124.09 kB) |
| 28 August 2020 | Fitch Ratings | A with Negative Outlook | Fitch Ratings (299.84 kB) |
Credit rating agency Fitch Ratings has assigned the following Short-Term IDR:
| Date | Agency | Rating | More information |
|---|---|---|---|
| 28 August 2020 | Fitch Ratings | F1 | Fitch Ratings (299.84 kB) |
These ratings positively reflect:
- Aena's strong position in the market as owners and operators of a network of airports that serve all Spain's needs;
- a base of diversified airlines, with a large number of departure and arrival traffic, and international passengers;
- airports which have already undergone investment and have enough capacity to minimise the needs of expansion investments in the medium term;
- competitive rates and a high EBITDA margin that places it at the higher end of world airport operators, reflecting the Company's efficient management.
The credit ratings obtained may be revised, suspended or retracted by the rating agency at any time.
Published on 28 August 2020 at 6:00 PM
