New London runway would damage Gatwick’s creditworthiness

New London runway would damage Gatwick’s creditworthiness
Proposed Gatwick runway cheaper than Heathrow schemes, but has high financial risks, says credit ratings agency

Gatwick faces long-term financing risks whether a new runway is built there or at Heathrow, according to a report from credit ratings agency Moody’s.

In an assessment of the likely implications across London’s three biggest airports – Heathrow, Gatwick and Stansted – of the Airports Commission’s final recommendations, Moody’s warns that either way Gatwick’s creditworthiness would suffer.

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Source: Guardian Transport

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