Edmonton Regional Airports Authority: Rating Report
On July 23, 2020, DBRS Limited (DBRS Morningstar) downgraded Edmonton Regional Airports Authority’s (ERAA or the Authority) Issuer Rating and Revenue Bonds, Series A rating to “A†from A (high) with Negative trends and removed the ratings from Under Review with Negative Implications, where they were placed on April 8, 2020. The ratings downgrade results from the Coronavirus Disease (COVID-19)’s significant negative impact on passenger volumes at Edmonton International Airport (YEG or the Airport) and the Authority’s forecast that passenger volume recovery will only reach pre-coronavirus levels by 2024.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.