...November 12, 2021 CENTENNIAL (S&P Global Ratings) Nov. 12, 2021--S&P Global Ratings raised its long-term rating and underlying rating (SPUR) to 'A+' from 'A' on Charleston County Airport District, S.C.'s airport revenue bonds outstanding, issued for Charleston International Airport (CHS, or the airport). The outlook is stable. "The rating action reflects our view of the airport's demonstrated financial resilience and rate-setting flexibility during a period of materially depressed activity, along with CHS' strong passenger recovery trends far exceeding our expectations and S&P Global Ratings' updated activity recovery estimates," said S&P Global Ratings credit analyst Kayla Smith. We analyzed CHS' risks and opportunities regarding environmental, social, and governance credit factors relative to its market position, management and governance, and financial performance. Elevated health and safety concerns, which we consider a social risk factor, are abating and credit neutral in our analysis....
