Metropolitan Washington Airport Authority, District Of Columbia; Airport; Joint Criteria Mar 09
Standard & Poors, March 2009
Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to Metropolitan Washington Airport Authority's (MWAA or the authority) $235 million series 2009B airport system revenue bonds. Later this month, the authority also plans to issue $165 million series 2009A airport system revenue variable-rate bonds. Our rating on the series 2009B bonds incorporates this planned debt issuance. At the same time, Standard & Poor's affirmed its ratings on MWAA's $4.1 billion in airport system revenue bonds outstanding. The outlook is stable. In addition, Standard & Poor's withdrew its 'AA-' rating on the series 2008B bonds, as they never sold. In our opinion, the rating on MWAA's airport system revenue bonds reflects the authority's solid market and service area strengths, combined...
Companies mentioned in this report are: Metropolitan Washington Airports Authority
Action: New Rating
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: Full Analysis
Metropolitan Washington Airports Authority
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