Memphis-Shelby County Airport Authority, TN, Revenue Bonds 2010A And 2010B Rated 'A-'; Other Ratings Affirmed Dec 09

  • ID: 1818800
  • December 2009
  • Standard & Poors
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NEW YORK (Standard & Poor's) Dec. 10, 2009--Standard & Poor's Ratings Services has assigned its 'A-' long-term rating to Memphis-Shelby County Airport Authority (MSCAA or the authority), Tenn.'s $150 million series 2010A airport revenue refunding bonds and $24 million series 2010B airport revenue bonds. It is issuing both bonds for Memphis International Airport (MEM or the airport). At the same time, Standard & Poor's affirmed its 'A-' underlying rating on the authority's par debt outstanding. The outlook is stable. MSCAA owns and operates the airport as well as the Charles W. Baker Airport and the General DeWitt Spain Airport, both general aviation reliever sites. Since the financial operations of the two general aviation reliever airports are not significant to the...

Companies mentioned in this report are: Memphis Intl Arpt,Memphis-Shelby Cnty Arpt Auth
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.

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Memphis Intl Arpt,Memphis-Shelby Cnty Arpt Auth

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