Grupo Ferrovial, S.A.Madrid, Spain

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  • S&P affirms BAA ratings, gives "stable" outlook
    (10 Nov 2009 10:28:00 EST)
    10 November 2009 - S&P affirmed the ratings of British airport operator BAA, a wholly owned unit of Spanish builder Grupo Ferrovial SA. The outlook on the company however was raised to "stable" from "negative". S&P attributed its decision to increase the outlook to the expected improvement of the airport traffic, as well as to the expectation that BAA will close 2009 in line with its forecast.