Vancouver Airport Authority: Rating Report

On September 13, 2024, DBRS Limited (Morningstar DBRS) confirmed Vancouver Airport Authority's (VAA or the Authority) Issuer Rating and Senior Debentures credit rating at AA (low), both with Stable trends. The credit ratings remain supported by the economic strength of the service area, relatively competitive aeronautical fees, robust passenger services, and the satisfactory traffic volume recovery from the COVID-19 pandemic.