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million revenue bonds for to BBBfrom BBB+ and revised the ratiny outlook to negative from Fitch also assigned a BBB ratinh for $104.7 million in airport refunding revenuw bonds, which are scheduled for negotiated sale the week of June 22. The downgradd reflects a “developing trend of declining enplanements with an increasingt likelihood that no meaningful recoverty will occur overthe near-term as a result of weak economif conditions and the potential for permanent loss of most of the airport'as connecting traffic,” the credit rating agency said.
“Fitch expects the airport to face a higher cost profil e and reduced financial flexibility in the On Monday, to A- with a stable citing the airport’s debt service stabilization St. Louis officials and & Co., both based in St. and New York-based to handle the sale of $125 million in bonds to financer more renovationsat Lambert. The upgrades include termina improvements, new ticket counters, new flooring and lighting, upgraded security checkpoin t andnew restrooms. Lambert-St. Louis International Airport servezs more than 15 million passengers a year with an average of 300 dailu departures to 70 national andinternational destinations.
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