Outlook On Chicago O'Hare International Airport, IL, Third-Lien GARB And PFC Bond Ratings Revised To Positive
Standard & Poors, April 2011
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Research type: News
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Abstract
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: Affirmed
Action: Outlook: Positive
Chicago O'Hare Intl Arpt
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