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Outlook On Chicago O'Hare International Airport, IL, Third-Lien GARB And PFC Bond Ratings Revised To Positive
Standard & Poors, April 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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
NEW YORK (Standard & Poor's) April 8, 2011--Standard & Poor's Ratings Services has revised its rating outlook to positive from stable on Chicago O'Hare International Airport, Ill.'s third-lien general airport revenue bonds (GARBs) and stand-alone passenger facility charge (PFC) bonds. The outlook on the airport's first- and second-lien GARBs is stable, reflecting our view that such ratings will not be raised over the next two years given the airport's already high debt load and significant future debt needs. Standard & Poor's also affirmed its 'AA', 'AA-', and 'A-' rating on its first-, second-, and third-lien general airport revenue bonds; its 'A-' rating on the stand-alone PFC bonds; and its 'AAA' rating on its bonds based on joint criteria. "The outlook...
Companies mentioned in this report are: Chicago O'Hare Intl Arpt
Action: Outlook: Positive
Chicago O'Hare Intl Arpt