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Phoenix Sky Harbor International Airport, AZ's Series 2013 Senior-Lien Revenue Refunding Bonds Rated 'AA-' Jan 13

  • ID: 2384238
  • January 2013
  • Region: Global
  • Standard & Poors

Abstract
SAN FRANCISCO (Standard & Poor's) Jan. 24, 2013--Standard & Poor's Ratings Services assigned its 'AA-' rating to Phoenix Civic Improvement Corp., Ariz.'s $208 million series 2013 senior-lien revenue refunding bonds issued for the Phoenix Sky Harbor International Airport (the airport). In addition, Standard & Poor's affirmed its 'AA-' rating and underlying rating (SPUR) on the airport's senior-lien revenue bonds, its 'A+' rating and SPUR on the airport's junior-lien revenue bonds, and its 'A-' SPUR on the airport's rental car facility charge taxable revenue bonds outstanding. The outlook is stable. "The ratings reflect our view of the airport's solid, predominately origination and destination market; good revenue diversity; low cost structure; experienced and effective administrative team; and solid financial performance," said Standard...

Companies mentioned in this report are:
- Phoenix Sky Harbor Intl Arpt
- Phoenix Civ Imp Corp

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

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Note: Product cover images may vary from those shown

- Phoenix Sky Harbor Intl Arpt
- Phoenix Civ Imp Corp

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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