In the absence of meaningful and predictable government subsidies or other funding sources, tariff increases appear to have become a necessary move for Canadian airports, and probably the only option left to improve cash flows and reignite future growth. Increased aeronautical fees may gradually erode Canadian airports' relative competitiveness vis-à-vis their U.S. peers; however, DBRS Morningstar doesn't currently expect the impact to be material, as we believe major Canadian airports' pricing ...
On August 23, 2021, DBRS Limited (DBRS Morningstar) confirmed Vancouver Airport Authority’s (VAA or the Authority) Issuer Rating and Senior Debentures rating at AA (low). Trends remain Negative. The rating confirmations reflect DBRS Morningstar's expectation that the traffic volume will gradually recover from the Coronavirus Disease (COVID-19) pandemic and that the ratings will continue to be supported by long-term drivers, such as the economic strength of the service area. The Negative Trends m...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.