Flughafen Zürich flies into quiet Swiss mart

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By Frank Jackman
10 Dec 2020

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,” ...

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