...November 15, 2024 NEW YORK (S&P Global Ratings) Nov. 15, 2024--S&P Global Ratings assigned its '##' long-term rating to the Greater Orlando Aviation Authority, Fla.'s (GOAA or the authority) pro forma $159.685 million series 2024 airport facilities revenue bonds (senior bonds), issued on behalf of Orlando International Airport (MCO), and assigned its '##-' long-term rating to GOAA's pro forma $684.060 million series 2024 priority subordinated airport facilities revenue bonds (subordinate bonds). At the same time, S&P Global Ratings affirmed its '##' and '##-' long-term ratings and underlying ratings (SPUR) on the GOAA's senior-lien airport facilities revenue bonds and subordinate-lien debt, respectively. The outlook is stable. "The rating reflects a long history of favorable enplanement trends and above-average expected service area population growth that we believe will allow GOAA to maintain healthy financial metrics, despite continued debt issuance to fund a large capital improvement...
