...NEW YORK (S&P Global Ratings) Aug. 18, 2017--S&P Global Ratings has assigned its 'A+' rating to Greater Orlando Aviation Authority (GOAA), Fla.'s pro forma $996.59 million series 2017A (AMT) priority subordinated airport facilities revenue bonds. At the same time, S&P Global Ratings has affirmed its '##-' rating on GOAA's (senior-lien) airport facilities revenue bonds and 'A+' rating on GOAA's priority subordinated airport facilities revenue bonds outstanding. The outlook is stable. "We consider the large origin and destination base to be a key credit strength," said S&P Global Ratings credit analyst Joseph Pezzimenti. In our opinion, key credit strengths include the following: + A large origin and destination (O&D) base (about 95% of the airport's total); + An expanding service area that has a very strong tourist industry, which several major theme parks anchor; + Generally favorable enplanement trends with total enplanements no lower than 17.4 million from fiscal years 2012-2016 and relatively...
