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Las Vegas McCarran Intl Arpt, NV's BANs Assigned 'SP-1+' Rtg On Ability To Access Market Jun 08 Product Image

Las Vegas McCarran Intl Arpt, NV's BANs Assigned 'SP-1+' Rtg On Ability To Access Market Jun 08

  • ID: 1723233
  • June 2008
  • Standard & Poors

Abstract
SAN FRANCISCO (Standard & Poor's) June 11, 2008-- Standard & Poor's assigned its 'SP-1+' short-term rating to Clark County, Nev.'s $400 million airport system junior subordinate lien revenue notes series 2008F, issued on behalf of Las Vegas McCarran International Airport. At the same time, Standard & Poor's affirmed its 'AA-' underlying rating (SPUR) on the Clark County Airport Department of Aviation's outstanding $282 million senior-lien debt, its 'A+' SPUR on the department's outstanding $1.32 billion subordinate-lien debt, its 'A+' rating on the department's $706 million of passenger facility charge (PFC) revenue debt, and its 'A' rating on the department's $101 million jet aviation fuel tax bonds. The outlook is stable. "The short-term rating on the notes is based on the...

Companies mentioned in this report are:
- Las Vegas McCarran Intl Arpt
- Clark Cnty
- Clark Cnty Arpt Dept of Aviation

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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.

- Las Vegas McCarran Intl Arpt
- Clark Cnty
- Clark Cnty Arpt Dept of Aviation

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