S&P Global Ratings has assigned its 'A+' rating to Greater Orlando Aviation Authority (GOAA), Fla.'s series 2016 priority subordinated airport facility revenue bonds. At the same time, S&P Global Ratings affirmed its 'AA-' rating on GOAA's senior-lien bonds. The outlook is stable. The authority is issuing the bonds for Orlando International Airport (MCO). 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; Retention of a strong enplanement base, increasing at a compounded annual average rate of about 1.5% per year the past four through 2015. This includes strong 7.4% growth
