Standard&Poor's Ratings Services has assigned its 'A+' long-term rating to the Greater Orlando Aviation Authority (GOAA or the authority), Fla.'s series 2010C airport facilities revenue bonds (pro forma $61.7 million) and 2010D airport facilities revenue refunding bonds (pro forma $7.9 million). At the same time, Standard&Poor's affirmed its 'A+' underlying rating (SPUR) on the authority's senior revenue bonds outstanding and its 'BBB+' SPUR on the series 2002A subordinate revenue bonds outstanding, both issued for Orlando International Airport (MCO). The outlook is stable. The SPUR on the series 2002A reflects the bonds' deeply subordinate nature and what we view as weaker bond provisions. The authority's flow of funds places the debt service account and debt service reserve
