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.
Source: Guardian Transport