reports
- Kevin Li
- Travis Shaw
- Valiant Ip
Rising Aeronautical Fees and the Unsubsidized Nature of Canadian Airpo...
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 ...
- Andrew Lin
- Kevin Li
- Valiant Ip
- Andrew Lin
- Kevin Li
- Victor Leung
- Blanca Cabrera
- Jasper Shi
- Suneil Ramesh
- Kevin Li
- Kwan Shin
- Kevin Li
- Kwan Shin
- Blanca Cabrera
- Jasper Shi
- Suneil Ramesh
- Kevin Li
- Victor Leung
- Kevin Li
- Victor Leung
- Kevin Li
- Shawn Shangguan
Vancouver Airport Authority: Rating Report
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...
- Kevin Li
- Shawn Shangguan
- Jiaona Quan
- Suneil Ramesh
- Jiaona Quan
- Suneil Ramesh
Greater Toronto Airports Authority: Rating Report
DBRS Limited (DBRS Morningstar) confirmed the Greater Toronto Airports Authority’s (GTAA or the Authority) Issuer Rating at A (high) and Commercial Paper rating at R-1 (low) with Stable trends. The rating confirmations are based on GTAA’s robust liquidity and business risk assessment, expected start of recovery in passenger volumes with the easing of travel restrictions in Canada, and improvement in metrics over the medium term, despite the challenges and uncertainties caused by the containment ...
- Andrew Lin
- Kevin Li
- Valiant Ip
- Andrew Lin
- Kevin Li
- Valiant Ip
- Kevin Li
- Suneil Ramesh
- Kevin Li
- Neeraj Mehra
- Kevin Li
- Neeraj Mehra
- Kevin Li
- Suneil Ramesh
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...
- Blanca Cabrera
- Suneil Ramesh
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