...November 9, 2020 NEW YORK (S&P Global Ratings) Nov. 9, 2020--S&P Global Ratings lowered its rating to 'A+' from '##-' on the Greater Orlando Aviation Authority (GOAA or the authority), Fla.'s senior-lien airport facilities revenue bonds issued for the Orlando International Airport (MCO), and lowered to 'A' from 'A+' the rating on the airport's subordinate-lien debt. At the same time, S&P Global Ratings removed the ratings from CreditWatch, where they had been placed with negative implications Aug. 7, 2020. The outlook is negative. GOAA, along with many other U.S. airport ratings, was placed on CreditWatch to reflect the material negative impact of the COVID-19 pandemic on traffic levels, expected financial performance metrics, and overall credit quality. "The rating action and negative outlook reflect our expectation that activity levels at MCO will be materially depressed, unpredictable, or demonstrate anemic growth due to the COVID-19 pandemic and associated effects outside of management's...
