Miami International Airport's 2018A-C Bonds Rated 'A'; Other Ratings Affirmed

NEW YORK (S&P Global Ratings) Aug. 3, 2018--S&P Global Ratings assigned its 'A' long-term rating to Miami-Dade County's pro forma $792.9 million series 2018A-C aviation revenue refunding bonds issued for Miami International Airport (MIA) using its "U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises" (TIE) criteria. At the same time, S&P Global Ratings affirmed its 'A' rating on the county's aviation revenue bonds issued for MIA. The outlook is stable. "The rating reflects our opinion of the airport's very strong enterprise risk profile and adequate financial risk profile," said S&P Global Ratings credit analyst Joe Pezzimenti. The rating also reflects a one-notch positive adjustment, reflecting the financial and operational resilience of a large connecting hub airport that has maintained steady financial

...NEW YORK (S&P Global Ratings) Aug. 3, 2018--S&P Global Ratings assigned its 'A' long-term rating to Miami-Dade County's pro forma $792.9 million series 2018A-C aviation revenue refunding bonds issued for Miami International Airport (MIA) using its "U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises" (TIE) criteria. At the same time, S&P Global Ratings affirmed its 'A' rating on the county's aviation revenue bonds issued for MIA. The outlook is stable. "The rating reflects our opinion of the airport's very strong enterprise risk profile and adequate financial risk profile," said S&P Global Ratings credit analyst Joe Pezzimenti. The rating also reflects a one-notch positive adjustment, reflecting the financial and operational resilience of a large connecting hub airport that has maintained steady financial performance and relatively high activity levels through a range of different economic conditions. This is despite competition from Fort Lauderdale International...

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