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Dallas-Fort Worth International Airport, Texas; Airport Aug 09 Product Image

Dallas-Fort Worth International Airport, Texas; Airport Aug 09

  • ID: 2083826
  • August 2009
  • Region: Global, Texas
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has revised its outlook on Dallas-Fort Worth International Airport (DFW or the airport), Texas' $3.7 billion joint revenue bonds currently outstanding and on the airport's hotel revenue bonds, issued by the Public Facility Improvement Corp. (PFIC), to stable from positive. At the same time, Standard & Poor's assigned its 'A+' rating, with a stable outlook, to DFW's $310 million series 2009A and $300 million series 2009B joint revenue refunding bonds. We also affirmed our 'A+' rating on the airport's joint revenue bonds and our 'A-' underlying rating on the hotel bonds. The outlook revision reflects what we view as a weakening industry environment and stagnating airport traffic trends combined with weakening revenue trends likely to...

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

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: Full Analysis

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