Standard & Poor's lowers rating on Flughafen Zürich AG to A+
S&P has revised the rating on Flughafen Zürich AG to A+ (from AA-), with negative outlook.
According to the rating agency, European airports face a steeper and more protracted recovery in air passenger traffic due to harsher COVID-19 restrictions than previously expected. The negative outlook reflects their view on the uncertainty about the pace, extent, and timing of air travel recovery.
At the same time, the independent Swiss rating agency fedafin AG still has a AA- rating on Flughafen Zürich AG.
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Flughafen Zürich AG published this content on 14 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 July 2020 18:20:08 UTC