Summary: Dallas Fort Worth, Texas Dallas Fort Worth International Airport; Airport Jul 11

Standard & Poors, July 2011

Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Dallas Fort Worth International Airport (DFW), Texas' $137.1 million series 2011C joint revenue refunding bonds, issued by Dallas Fort Worth. At the same time, Standard & Poor's affirmed its 'A+' long-term and underlying rating (SPUR) on DFW's outstanding joint revenue bonds. The outlook is stable. Management indicates the 2011C bonds are a continuation of a series of planned bond issuances for 2011. These bonds will be used to refund all or a portion of the series 2000A, 2002B, 2002C and 2003A joint revenue bonds. The ratings reflect our view of the airport's: Strong service area economy -- although weakened by the recession -- encompassing the highly rated Dallas Fort...

Companies mentioned in this report are:
- Dallas Fort Worth Intl Arpt
- Dallas Fort Worth

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- Dallas Fort Worth Intl Arpt
- Dallas Fort Worth

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