Miami International Airport Aviation Revenue Bond Outlook Revised To Positive From Stable On Enplanement Recovery - S&P Global Ratings’ Credit Research

Miami International Airport Aviation Revenue Bond Outlook Revised To Positive From Stable On Enplanement Recovery

Miami International Airport Aviation Revenue Bond Outlook Revised To Positive From Stable On Enplanement Recovery - S&P Global Ratings’ Credit Research
Miami International Airport Aviation Revenue Bond Outlook Revised To Positive From Stable On Enplanement Recovery
Published Oct 19, 2021
Published Oct 19, 2021
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Abstract:

NEW YORK (S&P Global Ratings) Oct. 19, 2021--S&P Global Ratings revised the outlook to positive from stable on Miami-Dade County's aviation revenue bonds issued for Miami International Airport (MIA) and affirmed the 'A-' long-term rating and underlying rating (SPUR) on the debt. "The outlook revision reflects MIA's recent positive enplanement trends that have exceeded S&P Global Ratings' updated activity recovery estimates," said S&P Global Ratings credit analyst Nora Wittstruck. May, June, July, and August 2021 monthly total passengers at approximately 88%, 93%, 98%, and 89% of May-August 2019 levels, sequentially. "Furthermore, given MIA's substantial international traffic, we believe the federal government's decision to open the borders for fully vaccinated tourists will bolster demand for the airport," Ms. Wittstruck added. Overall,

  
Report Type:

Ratings Action

Issuer
Miami Intl Arpt
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Miami International Airport Aviation Revenue Bond Outlook Revised To Positive From Stable On Enplanement Recovery" Oct 19, 2021. Alacra Store. Nov 30, 2021. <http://www.alacrastore.com/s-and-p-credit-research/Miami-International-Airport-Aviation-Revenue-Bond-Outlook-Revised-To-Positive-From-Stable-On-Enplanement-Recovery-2740585>
  
APA:
S&P Global Ratings’ Credit Research. (). Miami International Airport Aviation Revenue Bond Outlook Revised To Positive From Stable On Enplanement Recovery Oct 19, 2021. New York, NY: Alacra Store. Retrieved Nov 30, 2021 from <http://www.alacrastore.com/s-and-p-credit-research/Miami-International-Airport-Aviation-Revenue-Bond-Outlook-Revised-To-Positive-From-Stable-On-Enplanement-Recovery-2740585>
  
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