...March 12, 2025 DENVER (S&P Global Ratings) March 12, 2025--S&P Global Ratings assigned its 'A+' long-term rating to Austin, Texas' approximately $230.3 million series 2025 airport system revenue refunding bonds. We also affirmed our 'A+' long-term rating on Austin's existing airport revenue bonds. We also affirmed our 'A' long-term rating on the city's hotel revenue bonds issued for Austin-Bergstrom Landhost Enterprises Inc. (ABLE). The outlook on all ratings is stable. "The combined strong air travel demand and sound financial management has allowed Austin-Bergstrom International Airport (AUS) to maintain its robust financial profile as it pursues a large capital plan," said S&P Global Ratings credit analyst Rob Marker. The enterprise risk profile assessment reflects the airport's historically robust enplanement increases from serving a large, rapidly expanding, and economically vibrant service area, with strong population growth that we expect will continue, tempered by modest competition...
