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Summary: Memphis-Shelby County Airport Authority, Tennessee Memphis International Airport, Tennessee; Airport Jan 11
Standard & Poors, January 2011
Standard & Poor's Ratings Services assigned its 'A-' long-term rating to Memphis-Shelby County Airport Authority (MSCAA or the authority), Tenn.'s $139.8 million series 2011A airport refunding revenue bonds and $41.15 million series 2011B airport refunding revenue bonds. The authority is issuing both series of bonds for Memphis International Airport (MEM or the airport). The bonds will be used to refund all or a portion of the authority's 1999D, 2001A, and 2001B bonds to achieve debt service savings. At the same time, Standard & Poor's affirmed its 'A-' underlying rating (SPUR) on the authority's remaining parity debt. The outlook is stable. MSCAA owns and operates the airport as well as the Charles W. Baker Airport and the General DeWitt Spain Airport,...
Companies mentioned in this report are: Memphis Intl Arpt,Memphis-Shelby Cnty Arpt Auth
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Memphis Intl Arpt,Memphis-Shelby Cnty Arpt Auth