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Hawaii Airport System's Series 2011A Bonds Assigned 'A' Rating; Outlook Stable Sep 11
Standard & Poors, September 2011
SAN FRANCISCO (Standard & Poor's) Sept. 12, 2011--Standard & Poor's Ratings Services assigned its 'A' long-term rating to Hawaii Airport System's $297.81 million series 2011A airport system revenue bonds and affirmed its 'A' long-term rating and underlying rating (SPUR) on the system's previously issued airport system revenue bonds. The outlook on all ratings is stable. "The rating reflects our view of the airport system's monopolistic position and very high essentiality for transport within the state, historically very strong liquidity position for the rating, management's plan to cease providing rate mitigation to airlines, and moderately low overall debt combined with a good mix of capital program funding sources," said Standard & Poor's credit analyst Paul Dyson. We understand that the bond...
Companies mentioned in this report are: Hawaii Arpt Sys
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.
Hawaii Arpt Sys