Above average credit rating certification / FBB achieves “A1” rating

20.11.19 09:18

Moody’s rating agency certified the Flughafen Berlin Brandenburg GmbH (FBB) with an above-average credit rating for another year.

Besides the fact that the three shareholders Berlin, Brandenburg and the federal government already had very good ratings, deciding factors for the very good rating of “A1” were significant strengths of the FBB. These included, in particular, the high percentage of direct or point-to-point transportation and the fact that the FBB are advancing the capacity upgrade. Furthermore, Moody’s attested to the important unique position of the FBB in the capital city’s region. An equally decisive factor for the rating was the prospect of earning more money per passenger at BER.

Prof. Dr.-Ing. Engelbert Lütke Daldrup, Chief Executive Officer of Flughafen Berlin Brandenburg GmbH: “Moody’s have once again given the airport a good rating, and with that they have confirmed the future financial ability of the business. Naturally, the rating agency also saw that the long-delayed opening of BER was a large business and financial challenge, which could only exist through the support of the shareholders. Despite this strain, the airport was still awarded with an “A1” rating, which shows the future potential of the BER as an important element of the infrastructure in the capital region.”

Heike Fölster, Chief Financial Officer of the Flughafen Berlin Brandenburg GmbH: “The fact that we have had an above-average rating for four years, even in sector comparison, is also a confirmation of the solid financing of the company. The rating shows as well that the airport company is a very dependable debtor and a sound investment.”