• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Hawaii Airport System; Airport Sep 11
Standard & Poors, September 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 (serving a unique travel market with 15 airports throughout Hawaii and with no significant concentration of carriers); Historically very strong liquidity position for the rating, including an unaudited $497 million, or about 835 days of expenditures, in unrestricted cash as of June 2011; Management's plan to cease providing rate mitigation to airlines,...
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.
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.
Hawaii Arpt Sys