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Summary: Chicago, Illinois Chicago O'Hare International Airport; Airport; Joint Criteria
Standard & Poors, January 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Standard & Poor's Ratings Services has assigned its 'A-' rating on the Chicago O'Hare International Airport, Ill.'s $702 million series 2011A-C stand-alone passenger facility charge (PFC) bonds and $413 million series 2011A grant receipts and subordinate-lien PFC revenue (LOI-sub-PFC) bonds. At the same time, Standard & Poor's affirmed its 'AA', 'AA-', and 'A-' ratings on the airport's first-, second-, and third-lien general airport revenue bonds (GARBs), respectively. Standard & Poor's also affirmed its 'A-' rating on Chicago, Ill.'s stand-alone PFC bonds issued for the airport and its ratings on the airport's 2005C and 2005D bonds, based on the application of joint criteria. The outlook is stable. The ratings incorporate our view of O'Hare's generally sound demand characteristics as a result...
Companies mentioned in this report are: Chicago O'Hare Intl Arpt,Chicago
Action: New Rating
Action: Outlook: Stable
Chicago O'Hare Intl Arpt,Chicago