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'AA-' Rating Assigned To Metropolitan Washington Airports Authority, D.C.'s $192 Million Bonds Sep 11
Standard & Poors, Sep 2011
Abstract
DALLAS (Standard & Poor's) Sept. 12, 2011-- Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to Metropolitan Washington Airports Authority, D.C.'s (MWAA or the authority) nearly $133.7 million series 2011C airport system revenue and refunding bonds, nearly $9.4 million series 2011D airport system revenue refunding bonds, and $48.9 million 2011E taxable airport system revenue refunding bonds. At the same time, Standard & Poor's affirmed its 'AA-' long-term and underlying ratings (SPUR) on MWAA's outstanding bonds. Finally, Standard & Poor's affirmed its 'AAA' long-term rating on certain bonds based on the application of joint criteria based on the rating of the letter of credit (LOC) provider and SPUR of the authority. Debt outstanding totals $5.25 billion, including $89.0 million...
Companies mentioned in this report are: Metropolitan Washington Airports Authority
Action: Affirmed
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: 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.
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