Metropolitan Washington Airport Authority, District of Columbia; Airport; Joint Criteria Jul 10
Standard & Poors, July 2010
Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to Metropolitan Washington Airport Authority, D.C.'s (MWAA or the authority) $215 million series 2010A airport system revenue bonds and $135 million series 2010B airport system revenue refunding bonds. In September, the authority also plans to issue $170 million in series 2010C variable-rate airport system revenue bonds. Our rating on the series 2010A and B bonds incorporates this planned debt issuance. At the same time, Standard & Poor's affirmed its ratings on MWAA's outstanding bonds. Debt totals $5.1 billion, including $275 million in outstanding commercial paper (CP) notes. The outlook is stable. In our opinion, the rating on MWAA's airport system revenue bonds reflects the authority's solid market and service area...
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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