Vancouver Airport Authority, the entity managing Vancouver International Airport (YVR), has been assigned an Aa2 issuer rating with a stable outlook by Moody's Ratings. This marks the first time the Airport Authority has received this rating, reflecting its robust market position as Canada's primary Asia-Pacific gateway and second-largest airport. Moody's emphasised YVR's strong operating performance, prudent capital planning, and disciplined financial management.

Moody's analysis highlights YVR's structurally strong passenger demand, which supports long-term traffic resilience, and its growing cargo volumes, which reached record levels in 2025. The agency also noted the Airport Authority's strong credit metrics, including low leverage, reinforcing its position as a cargo hub.

Clayton Buckingham, Vice President Finance and CFO of Vancouver Airport Authority, stated, "Receiving an Aa2 public rating from Moody's further validates the Airport Authority's strong financial foundation, resilient operating performance, and our prudent long-term strategy." He added that this rating, along with existing ratings from S&P Global Ratings and Morningstar DBRS, bolsters confidence in their credit profile and supports their long-term financing strategy.

The Moody's rating follows recent positive actions from S&P Global Ratings and Morningstar DBRS, both of which cited strong financial performance and disciplined capital investment planning. In 2025, YVR handled a record 26.9 million passengers and nearly 365,000 tonnes of cargo, a 7.4% increase from the previous year. The airport was also named Skytrax Best Airport in North America for the 15th consecutive year

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