European Homeland Security - A Market Opportunity Analysis
- Language: English
- Published: July 2005
- Region: Europe
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
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Metropolitan Washington Airports Authority
| Format | Properties | |
|---|---|---|
| Electronic | The report will be emailed to you. |