Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to Clark County, Nev.'s airport system junior subordinate lien revenue notes series 2009A, issued on behalf of the Las Vegas McCarran International Airport. At the same time, Standard & Poor's affirmed its 'AA-' underlying rating (SPUR) on the Clark County Department of Aviation's senior-lien debt, its 'A+' SPUR on the department's outstanding subordinate-lien debt, its 'A+' long-term rating on the department's passenger facility charge (PFC) revenue debt, and its 'A' long-term rating on the department's jet aviation fuel tax bonds. The 'SP-1+' short-term rating is based on the long-term credit rating of the aviation department, as well as its proven ability to access the capital markets. The long-term ratings reflect...
Companies mentioned in this report are:
- Las Vegas McCarran Intl Arpt
- Clark Cnty
Action: New Rating
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: Full Analysis