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 Arpts Auth
Action: New Rating
Action: Outlook: Stable
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