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"Bomb plot has no impact on US airline/airport debt ratings"
Thursday, August 10, 2006
Moody's: Airport, airline ratings not immediately affected
By Gabriel Madway
SAN FRANCISco (MarketWatch) -- Moody's Investors Service said Thursday the
foiled terrorist plot targeting transatlantic flights will not have any
immediate implications for airline and airport ratings. However, the agency
said, "the development highlights the ongoing exposure of the air travel
industry to events in the global war on terrorism." Moody's said airlines
will experience higher costs related to the disruption of their networks
caused by cancellations and delays, and over the longer term, airline costs
could be adversely impacted by any additional security measures and
procedures. The agency said most airlines have the financial capacity to
accommodate the near term revenue and cost effects of today's events within
their current rating levels.
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