30 May 2009

Auckland airport credit rating downgraded

6:01 am on 30 May 2009

The credit rating for Auckland International Airport Ltd has been downgraded.

Standard & Poors has reduced the company's long term rating from A to A-minus due to a downturn in air travel.

The company says it's disappointed but not completely surprised, and points out it's still better than all Australian airports, except Melbourne, with which it shares the same rating.