...April 9, 2019 CENTENNIAL (S&P Global Ratings) April 9, 2019--S&P Global Ratings assigned its 'A' long-term rating to the City of Austin, Texas' $148.4 million airport system revenue refunding bonds series 2019 using its "U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises" (TIE) criteria. At the same time, S&P Global Ratings affirmed its 'A' rating on parity airport revenue bonds outstanding and 'A-' rating on the city's hotel revenue bonds issued for the Austin-Bergstrom Landhost Enterprises Inc. (ABLE). In addition, S&P Global Ratings affirmed its '##/A-1' rating on Austin's series 2005 variable-rate demand obligations, the latter following application of its joint criteria, assuming low correlation. The outlook is stable. The ratings reflects our opinion of Austin Bergstrom International Airport's (AUS) very strong enterprise risk profile, strong financial risk profile, and $3.4 billion, 10-year, demand-driven capital improvement plan (CIP), for which the financial...
