Dallas-Fort Worth International Airport, TX's Revenue Bonds Rated 'A+' On Anticipated Capital Program Oct 10
- ID: 2084132
- October 2010
- Region: Global
- Standard & Poors
BOSTON (Standard & Poor's) Oct. 26, 2010--Standard & Poor's Ratings Services has assigned its 'A+' rating to Dallas-Fort Worth International Airport's (DFW) $301 million series 2010A joint revenue bonds. We also affirmed our 'A+' ratings on $3.5 billion of joint revenue bonds currently outstanding. The ratings are based on a our view of the airport's strong business position and key role within American Airlines' route network, solid financial performance against weakened traffic levels, and a financial plan associated with its large capital plan that results in a more highly leveraged facility with higher costs but still-solid margins. More specifically, the rating reflects the following fundamentals, which we view as credit strengths: A strong service area economy -- weakened by the...
Companies mentioned in this report are:
- Dallas Fort Worth Intl Arpt
Action: New Rating
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Research type: News
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