S&P Global Ratings assigned its 'AA' long-term rating to the Greater Orlando Aviation Authority, Fla.'s (GOAA or the authority) pro forma $159.685 million series 2024 airport facilities revenue bonds (senior bonds), issued on behalf of Orlando International Airport (MCO), and assigned its 'AA-' long-term rating to GOAA's pro forma $684.060 million series 2024 priority subordinated airport facilities revenue bonds (subordinate bonds). At the same time, S&P Global Ratings affirmed its 'AA' and 'AA-' long-term ratings and underlying ratings (SPUR) on the GOAA's senior-lien airport facilities revenue bonds and subordinate-lien debt, respectively. The outlook is stable. GOAA's senior bonds are secured by a pledge of airport system revenues, including available passenger facility charge revenues; GOAA's subordinated bonds are secured by a
