Auckland Airport placed on CreditWatch Negative
Standard & Poor’s has placed Auckland Airport’s ‘A / A-1’ credit ratings on CreditWatch with negative implications following the
announcement last Friday that the Canada Pension Plan Investment Board’s partial takeover offer has received shareholder
approval.
A copy of the press release from Standard & Poor’s is attached. Auckland Airport remains committed to maintaining a prudent financial position and a strong credit
rating. Among other things, the company recently completed a $550 million refinancing to repay debt maturing later this
year, to increase access to committed funding and to provide additional funding for the company’s on-going capital
expenditure programme. –
ENDS