NEW YORK (Standard & Poor's) Oct. 12, 2010--Standard & Poor's Ratings Services has assigned its 'A+' rating to Philadelphia, Pa.'s airport revenue bonds series 2010A and revenue refunding bonds series 2010B-D, issued for Philadelphia International Airport (PHL). At the same time, Standard & Poor's affirmed its 'A+' rating on the airport's previously issued parity airport revenue bonds, of which approximately $1.1 billion remain outstanding. We also affirmed our 'AAA/A-1+' rating on the airport's parity variable-rate demand bonds series 2005C, of which $168.6 million remain outstanding. The outlook is stable. "The ratings reflect our assessment of the airport's relatively large and stable origin and destination market, strong competitive position within the region, generally good historical enplanement trends, and a manageable overall...
Companies mentioned in this report are:
- Philadelphia International Airport
Action: New Rating
Action: Outlook: Stable
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