19
August
2022
|
12:06
Europe/Amsterdam

YVR achieves AA- credit rating for the third consecutive year

On August 17, S&P Global Ratings affirmed its AA- long-term issuer credit and senior unsecured debt rating for Vancouver Airport Authority. S&P also upheld its stable outlook, which reflects the steady increase in passenger and cargo volumes at Vancouver International Airport (YVR) as well as the Airport Authority’s superior credit quality and prudent fiscal management overall.

“YVR’s success in achieving the AA- credit rating consistently throughout the global pandemic serves as testament to the financial health and resiliency of our airport and organization,” said Diana Vuong, Vice President & Chief Financial Officer at Vancouver Airport Authority. “This credit rating paired with a stable outlook validates the actions we continue to take to secure our financial footing. In addition, we continue to focus our efforts on strengthening the core of our business, which includes taking an active asset management approach to drive value from and optimize our infrastructure and land assets and looking for opportunities to further diversify our revenue streams across business lines.”

YVR exists to serve our community and the economy that supports it. The airport is focused on exploring new and innovative ways to strengthen its role as a diverse global hub while aligning YVR to the future growth and needs of British Columbia.

The airport continues to work across the aviation ecosystem to deliver a positive passenger experience for the growing number of travellers at YVR while ensuring the reliable movement of essential goods as a critical point of connection in the global supply chain.

YVR is also committed to continuing its leadership role in creating a greener and more resilient future by way of partnerships across the clean tech sector and through our Innovation Hub @ YVR, which has resulted in one of the first full airport digital twins in the world.

Full details on YVR’s 2021 financials and business and operating highlights are available in its 2021 Annual & Sustainability Report.