...June 7, 2024 NEW YORK (S&P Global Ratings) June 7, 2024--S&P Global Ratings raised its long-term rating and underlying rating (SPUR) on the Greater Orlando Aviation Authority, Fla.'s (GOAA or the authority) senior-lien airport facilities revenue bonds, issued for Orlando International Airport (MCO), to '##' from '##-', and its rating on the authority's subordinate-lien debt to '##-' from 'A+'. The outlook is stable. "The upgrade reflects MCO's very high activity levels and long history of favorable enplanement trends supported by serving an expanding service area economy with strong visitor demand; demonstrated financial resiliency during periods of lower air travel demand, and our expectation that GOAA will maintain strong-to-very strong financial metrics considering future capital requirements," said S&P Global Ratings credit analyst Joe Pezzimenti. The stable outlook reflects our expectation that air travel demand for MCO will remain high and that GOAA will adjust revenues, expenses,...
