Home | Business News | Browse by Publication | J | Journal of Transportation

Fitch Rates Minneapolis-St. Paul Metro Airports Commission $157MM Bonds 'AA-'; Outlook Stable.

Publication: Journal of Transportation
Publication Date: 07-NOV-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Fitch Ratings has assigned an 'AA-' rating to the Minneapolis-St. Paul (Minnesota) Metropolitan Airports Commission's (the commission) approximately $157 million senior airport revenue refunding bonds series 2009A and series 2009B, scheduled for negotiated sale during the week Oct. 26, 2009. Fitch has also affirmed the 'AA-' rating on the commission's approximately $747 million of outstanding senior lien revenue bonds and the 'A' rating on the commission's approximately $704 million outstanding subordinate lien bonds. The Rating Outlook on all debt is Stable.

The 2009A and 2009B bonds are secured by a senior pledge of the net revenues generated by the operation of the airport system, the main component of which is Minneapolis-St. Paul International Airport (MSP, or the airport). Proceeds of the bonds will be used to current refund portions of the commission's outstanding senior lien series 1999B and series 2000B bonds for present value savings.

Fitch's ratings for the commission reflect the continuation...

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 3 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.