Flughafen Zürich flies into quiet Swiss mart

Flughafen Zürich sold its first deal this week since it lost its double-A rating in July, finding the opportunity to price a Sfr200m bond at an “aggressive” level.
Standard & Poor’s had downgraded the airport from AA- to A+, after putting it on negative watch in March, citing the impact of the coronavirus pandemic.
“The fact that Flughafen Zürich is systemically relevant for Switzerland and has a strong shareholder base helped it navigate a challenging environment,” ...Already a subscriber? Login