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'A+' Rating Assigned To Dallas Fort Worth International Airport, Texas' $112.3 Million Refunding Bonds Jun 11
Standard & Poors, June 2011
Abstract
DALLAS (Standard & Poor's) June 17, 2011-- Standard & Poor's Ratings Services assigned its 'A+' rating to Dallas Fort Worth International Airport's (DFW) $112.3 million series 2011A joint revenue refunding bonds, issued by Dallas Fort Worth. At the same time, Standard & Poor's affirmed its 'A+' long-term and underlying rating (SPUR) on DFW's outstanding joint revenue bonds. The outlook is stable. Management indicates the 2011A bonds will be used to refund the airport's series 1998 and 1999 facility improvement corporation rental car facility charge revenue bonds. The refunding changes the lien on the bonds to the joint revenue bond lien on parity with all outstanding joint revenue bonds. 'The rating reflects our view of the airport's strong service-area economy, solid...
Companies mentioned in this report are: Dallas Fort Worth Intl Arpt ,Dallas Fort Worth
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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