• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Metropolitan Washington Airport Authority, DC's 'AA-' Bond Rating Affirmed On Strong Market Mar 08 Product Image

Metropolitan Washington Airport Authority, DC's 'AA-' Bond Rating Affirmed On Strong Market Mar 08

  • Published: March 2008
  • Standard & Poors

Abstract
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: Affirmed
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns READ MORE >

Metropolitan Washington Airports Authority

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown

RELATED PRODUCTS