'A' Rating Assigned To Houston Airport System, TX's Nearly $566.2 Million Airport System Revenue Refunding Bonds Mar 12
Standard & Poors, March 2012
Abstract
DALLAS (Standard & Poor's) March 2, 2012-- Standard & Poor's Ratings Services assigned its 'A' long-term rating to Houston, Texas' approximately $300.8 million series 2012A, $243.8 million 2012B and $21.6 million 2012C airport system subordinate-lien revenue refunding bonds issued on behalf of the Houston Airport System. At the same time, Standard & Poor's affirmed its 'AA-' long-term rating on the system's senior lien bonds outstanding, its 'A' long-term and underlying rating (SPUR) on the system's subordinate lien bonds outstanding, and 'AAA/A-1' rating and 'A' SPUR on the system's joint criteria variable rate demand obligation (VRDO) debt outstanding. The outlook, where applicable, is stable. "The rating reflects our view of the system's dominant market position in a diverse service area and...
Companies mentioned in this report are: Houston Arpt Sys,Houston
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
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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.
Houston Arpt Sys,Houston
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