...DALLAS (S&P Global Ratings) Jan. 9, 2017--S&P Global Ratings has assigned its 'A' rating to the City of Austin, Texas' $203.1 million series 2017A and series 2017B $143.7 million airport revenue bonds, issued for Austin Bergstrom International Airport (ABIA). At the same time, S&P Global Ratings has affirmed its 'A' rating on the airport's system revenue bonds outstanding. In addition, S&P Global Ratings has affirmed its '##' rating on Austin's series 2005 variable-rate demand obligations, the latter following application of its joint criteria. The outlook on all ratings is stable. The rating reflects our assessment of the following factors: + A strong and growing service area economy that benefits from low unemployment rates and an increasing population; + Very strong historical enplanement growth averaging 5.8% from 2012-2016, which we expect will remain at least favorable; and + A stable financial profile that we expect will allow the airport to absorb additional debt and support its...
