TAV Airports announced that international credit rating agency S&P Global Ratings (S&P) has upgraded its credit rating from “BB-” to “BB”. In the company’s statement to the Public Disclosure Platform (KAP), the outlook was reported as “stable”.
Investor Confidence Grows: Bond Rating Upgraded as Well
The announcement also noted that S&P not only upgraded TAV’s overall credit rating but also raised the rating of its foreign-issued bond. The bond’s rating was increased from “B+” to “BB-”, reinforcing international investors’ confidence in TAV’s financial structure.
Highlight on Financial Resilience
This rating upgrade is seen as a positive indicator of TAV Airports’ debt servicing capability, operational strength, and financial sustainability. Experts say the upgrade will ease access to financing and positively support TAV’s future investment and expansion plans.
Post-Pandemic Recovery and Improved Cash Flow Play a Role
S&P’s decision to upgrade the credit rating was influenced by the post-pandemic recovery in the aviation sector, the increase in passenger numbers, and TAV’s improved cash flow. The company’s diversified revenue structure, stemming from its airport portfolio in various countries, was also cited as a key factor mitigating risks.
About TAV Airports
TAV Airports is a globally recognised airport operator managing strategic airports primarily in Turkey, as well as in Europe, the Middle East, and Africa. Known for its financial discipline, operational efficiency, and sustainable growth strategy, TAV continues to earn the trust of investors and credit agencies alike.
