Clark County, NV's $118.8 Million PFC Refunding Revenue Bonds Assigned 'A+' Rating Oct 10
- ID: 1723954
- October 2010
- Standard & Poors
DALLAS (Standard & Poor's) Oct. 7, 2010--DALLAS (Standard & Poor's) Oct. 7, 2010--Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Clark County, Nev.'s $118.8 million series 2010F-1 passenger facility charge (PFC) refunding revenue bonds, issued on behalf of its department of aviation, owner of the Las Vegas-McCarran International Airport. At the same time, Standard & Poor's assigned its 'A+' underlying rating (SPUR) to the county's $100 million series 2010F-2 adjustable-rate bonds, which the airport indicates will be issued after the 2010F-1 fixed-rate issue. Finally, Standard & Poor's affirmed its 'AA-' long-term rating and SPUR on the department's senior-lien debt, its 'A+' long-term rating and SPUR on the department's outstanding subordinate-lien debt and PFC revenue debt, its 'A'...
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: 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.