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Hartsfield-Jackson receives positive credit ratings

1-Nov-2010 9:54 AM

US' Hartsfield-Jackson Atlanta International Airport received (29-Oct-2010) reaffirmed or upgraded credit rating assignments from Fitch Inc and Moody's Investors Service relating to bond issuances for financing the construction of the new Maynard H Jackson Jr International Terminal and to outstanding bonds.

  • Fitch Ratings: Fitch assigned an A+ rating to the proposed USD176 million senior-lien airport general revenue bonds (GARBs) series 2010A and an A rating to the proposed USD414 million airport passenger facility charge and subordinate-lien general revenue bonds (PFC hybrid bonds) series 2010B. Fitch also reaffirmed an A+ rating on outstanding GARBs and an A rating on outstanding PFC hybrid bonds. Fitch rated the bond outlook 'stable';
  • Moodys: Moody's assigned an A1 rating for the GARBs and an A1 rating for the PFC hybrid bonds. Moody's reaffirmed an A1 rating on outstanding GARBs but upgraded to A1 the rating on outstanding PFC hybrid bonds. Moodys rated the bond outlook 'stable'.

The 1.2 million sqft Maynard H Jackson Jr International Airport is scheduled to be complete in spring 2012. The new 12-gate facility will connect via the automated people mover to the 28-gate Concourse E, creating a 40-gate international air travel complex at Hartsfield-Jackson.

Hartsfield-Jackson Atlanta International Airport: "We are delighted that these agencies acknowledged Hartsfield-Jackson's secure financial footing and strong relationships with our tenant airlines by assigning such favourable ratings. These ratings will support a project, the international terminal, that will enhance Atlanta's position as a global gateway and reinforce the Airport's position as the nation's most efficient hub," Louis Miller, Airport General Manager. Source: Company Statement, 29-Oct-2010.

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