S&P Global Ratings assigned its ?A+? long-term rating to Pensacola, Fla.?s proposed $108.9 million series 2025 general airport revenue bonds (GARBs), issued for the Pensacola International Airport (PNS, or the airport). The outlook is stable. NEW YORK (S&P Global Ratings) Oct. 3, 2025--S&P Global Ratings today took the rating actions listed above. We assessed the impact of environmental, social, and governance factors on risks and opportunities for the airport. Per S&P Global Sustainable1 data, Escambia County, Fla. (where the airport is located) and Baldwin County, Ala. (from where the airport draws a significant proportion of its demand base) face above-average tropical cyclone risk. Such environmental physical risks from severe weather events, however, are mitigated by the city?s investment in projects
