...NEW YORK (S&P Global Ratings) Sept. 16, 2016--S&P Global Ratings has assigned its '##-' rating to Greater Orlando Aviation Authority (GOAA), Fla.'s pro forma $86 million series 2016A (AMT) airport facilities revenue bonds, $107 million series 2016B (non-AMT) airport facilities revenue bonds, and $40 million series 2016C airport facilities taxable refunding revenue bonds. At the same time, S&P Global Ratings affirmed its '##-' rating on GOAA's (senior-lien) airport facilities revenue bonds and 'A+' rating on GOAA's priority subordinated airport facilities revenue bonds. The outlook is stable. "In part, the ratings reflect our view of a large origin and destination base, an expanding service area, and retention of a strong enplanement base," said S&P Global Ratings credit analyst Joseph Pezzimenti. The 2016A and 2016B bond proceeds, together with other available GOAA funds, will finance a portion of the costs of the 2016 project; fund a deposit to the composite reserve subaccount; pay capitalized...
