NEW YORK–(BUSINESS WIRE)–On July 24, 2019, Kroll Bond Rating Agency (KBRA) assigned an AA rating with a Stable Outlook to Dallas Fort Worth International Airport’s Joint Revenue Refunding Bonds Taxable Series 2019A and upgraded the rating to AA from AA- on the outstanding Joint Revenue Improvement Bonds. The rating revision reflects continued strong management performance, a growing and diversifying service area, enduring locational advantages for hubbing resulting in favorable utilization, and a footprint that accommodates future capacity needs, and non-airline revenue generation.
| Issuer: Cities of Dallas and Fort Worth, Texas | ||
| Assigned | Rating(s) | Outlook |
| Dallas Fort Worth International Airport Joint Revenue Refunding Bonds Taxable Series 2019A | AA | Stable |
| Upgraded | Rating(s) | Outlook |
| Dallas Fort Worth International Airport Joint Revenue Improvement Bonds | AA | Stable |
The long-term rating on is based on KBRA’s U.S. General Airport Revenue Bond Rating Methodology.
To view the report, click here.
About KBRA and KBRA Europe
KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.
SOURCE: Business Wire
