Credit ratings
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Credit ratings
This section of the investor site provides you with details of the current credit ratings applying to the financing of BAA's Security Group. You can also find the main contacts at the credit ratings agencies with whom BAA has a contractual relationship –Standard & Poor's Ratings Services (S&P) and Fitch Ratings – as well as their most recent credit rating announcements.
| Class A | Class B | |
|---|---|---|
| S & P(1) | A - | BBB |
| Fitch(2) | A - | BBB |
(1) Ratings confirmed as stable on 9 November 2009
(2) Ratings confirmed as stable on 23 November 2009
S & P
Contact:
Alexandre de Lestrange
+33 1 44 20 73 16
alexandre_delestrange@sandp.com
Reports:
S&P pre-sale report – 15 July 2008
Ratings assigned to first issuance – 26 August 2008
Ratings affirmed after shareholders' decision to sell Gatwick Airport
– 18 September 2008
Ratings affirmed on request to sell Gatwick and Stansted airports
– 18 December 2008
Transaction update:BAA Funding Ltd – 12 March 2009
BAA Funding Ltd's First Half Performance Demonstrates Resilience – 28 September 2009
BAA Funding's Ratings Affirmed after DFT Announcement and Gatwick sale – 09 November 2009
BAA Funding's Ratings Unaffected After Equity Injection – 13 November 2009
BAA transaction update March 2010 – 10 March 2010
FitchContact:
Nicolas Painvin
+33 1 44 29 91 28
nicolas.painvin@fitchratings.com
Reports:
Fitch pre-sale report - 15 July 2008
Fitch revises BAA Funding outlook - 2 April 2009
Fitch affirms BAA Funding bonds - 4 August 2009
Fitch Affirms BAA Funding after Gatwick sale - 22 October 2009
Fitch Revises Outlook on BAA Funding's Bonds to Stable On Equity Injection - 23 November 2009
Volcano Disruption has no immediate impact on BAA Funding notes - 21 April 2010
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