DBRS Releases Report on Ottawa Airport Authority

DBRS has today released a report on the Ottawa Macdonald-Cartier International Airport Authority (the Authority) that provides further detail on the recent confirmation of the rating at A (high).

The confirmation is predicated upon the solid growth in traffic since the last downturn, the Authority’s manageable debt load and relatively strong financial metrics which provide considerable flexibility to weather potential traffic shocks, but tempered by the weakening economic outlook arising from sovereign debt concerns, and the effects that this may have on air carriers and air travel.

To obtain a copy of the report or the September 16, 2011, press release, please see the links under Related Research.