Passenger Terminal Today - Tara Craig
Heathrow Airport remains financially stable despite the devastating fiscal impact of the Covid-19 pandemic, says rating agency.
Credit rating agency Standard & Poor’s has announced that it is lowering the long-term ratings on Class A and Class B debt issued by Heathrow Funding Limited, with both retaining negative outlooks due to the ongoing uncertainty surrounding the spread of COVID-19.
Despite the move, Heathrow retains investment grade credit ratings on its Class A and Class B debt which now stand at BBB+ and BBB- respectively....more