Research Update: Austin, TX Airport Revenue Bond Rating Affirmed At 'A+'; Outlook Is Stable - S&P Global Ratings’ Credit Research

Research Update: Austin, TX Airport Revenue Bond Rating Affirmed At 'A+'; Outlook Is Stable

Research Update: Austin, TX Airport Revenue Bond Rating Affirmed At 'A+'; Outlook Is Stable - S&P Global Ratings’ Credit Research
Research Update: Austin, TX Airport Revenue Bond Rating Affirmed At 'A+'; Outlook Is Stable
Published Oct 22, 2025
7 pages (3201 words) — Published Oct 22, 2025
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings affirmed its 'A+' long-term rating on Austin , Texas' series 2025 airport system revenue refunding bonds (initially rated March 12, 2025) and its 'A+' rating on Austin-Bergstrom International Airport 's (AUS) airport revenue bonds outstanding. We also affirmed our 'A' long-term rating on the city's hotel revenue bonds issued for Austin-Bergstrom Landhost Enterprises Inc. (ABLE). The outlook on all ratings is stable. A first lien on the system's net revenues secures the airport revenue bonds. Bondholders benefit from a cash-funded debt service reserve, which is equal to average annual debt service requirements. The rate covenant requires net revenues and other available funds equal to 1.25x prior-lien bond and revenue bond debt service. Net hotel revenues secure the

  
Brief Excerpt:

...Enterprise risk profile 2 Economic fundamentals 1 Industry risk 2 Market position 2 Management and governance 2 Financial risk profile 3 Financial performance 3 Debt and liabilities 3 Liquidity and financial flexibility 3...

  
Report Type:

Research Update

Issuer
Austin
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Austin, TX Airport Revenue Bond Rating Affirmed At 'A+'; Outlook Is Stable" Oct 22, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Austin-TX-Airport-Revenue-Bond-Rating-Affirmed-At-A-Outlook-Is-Stable-3462580>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Austin, TX Airport Revenue Bond Rating Affirmed At 'A+'; Outlook Is Stable Oct 22, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Austin-TX-Airport-Revenue-Bond-Rating-Affirmed-At-A-Outlook-Is-Stable-3462580>
  
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