Cork and Dublin airport operator Daa has credit rating reduced due to Covid uncertainty

The Daa currently has listed debt of €400m which is due for repayment in eight years time. Picture: Brian Lawless/PA Wire

The operator of Cork and Dublin airports has had its credit rating and outlook reduced amid the turmoil in the air travel industry caused by the Covid-19 impact.

However, the Daa - which operates the airports on behalf of the State - said its overall rating remains strong and it is not in danger of defaulting on its debt.