...April 22, 2024 NEW YORK (S&P Global Ratings) April 22, 2024--S&P Global Ratings raised its long-term rating and underlying rating (SPUR) to 'A+' from 'A' on Miami-Dade County's aviation revenue bonds issued for Miami International Airport (MIA). The outlook is stable. "The rating action reflects our view of MIA's substantial demand, which surpasses pre-pandemic activity, and its leadership in enplanement growth for large hub airports since the fiscal 2019 peak, which we believe is consistent with a change to the market position to extremely strong," said S&P Global Ratings credit analyst Nora Wittstruck. The stable outlook reflects our view of MIA's robust activity and demand that outpaces pre-pandemic trends as well as its growth compared with that of large hub peers. We believe the enplanement trajectory will support the significant capital plan and sustain the financial position consistent with the 'A+' rating....
