CENTENNIAL (S&P Global Ratings) July 27, 2016--S&P Global Ratings revised its outlook to positive from stable and affirmed its 'BBB' long-term rating and underlying rating on Pensacola, Fla.'s airport revenue bonds, issued for Pensacola International Airport (PNS). "The outlook revision reflects our view of the airport's steady track record of rising enplanements and good debt service coverage that we expect will remain at least adequate during the next two years," said S&P Global Ratings credit analyst Andrew Bredeson. "The outlook revision further reflects our expectation that the airport's debt load will not increase materially," Mr. Bredeson added. PNS benefits from its proximity to Pensacola's military bases, which provide a good base of air travel demand. The primary catchment area comprises
