From The Independent:
No lasting harm from airport credit downgrade.
Analysts and management of Auckland International Airport are unconcerned at Standard & Poor’s downgrading of the airport’s corporate credit and debt rating from A to A-minus.
The downgrade will add less than $1 million to the airport’s overall interest bill of around $80 million.
If a downgrade is no huge thing for Auckland Airport why did we have to do whatever it took, including starving the future of superannuation and cutting education spending, to stop the remote chance of it happening to the government? Or was there no real threat at all?
– Marty G