- Language: English
- Published: July 2005
- Region: Europe
Metropolitan Washington Airport Authority, DC's 'AA-' Bond Rating Affirmed On Strong Market Mar 08
- Published: March 2008
- Standard & Poors
NEW YORK (Standard & Poor's) March 4, 2008--Standard & Poor's Ratings Services affirmed its 'AA-' underlying rating (SPUR), with a stable outlook, on the Metropolitan Washington Airport Authority, D.C.'s (MWAA) airport system revenue bonds. The SPUR reflects MWAA's solid market and service area strengths, combined with large capital requirements, weaker dominant airline tenants, and a higher cost structure than many U.S. airport systems. Specific credit strengths include the authority's combined net revenue pledge of two airport enterprises--Ronald Reagan Washington National (National) and Dulles International (Dulles)--each serving different markets (short haul at National versus long haul, with an international emphasis, at Dulles); strong enplanement trends at both airports, indicating recovery from 2001; a partial rebound in traffic in fiscal 2007 after...
Companies mentioned in this report are: Metropolitan Washington Airports Authority
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.
SHOW LESS READ MORE >
Metropolitan Washington Airports Authority
|Electronic||The report will be emailed to you.|