S&P Rts San Francisco Airprt Comm,CA $500M Revs A+ - S&P Global Ratings’ Credit Research

S&P Rts San Francisco Airprt Comm,CA $500M Revs A+

S&P Rts San Francisco Airprt Comm,CA $500M Revs A+ - S&P Global Ratings’ Credit Research
S&P Rts San Francisco Airprt Comm,CA $500M Revs A+
Published Jan 20, 1998
Published Jan 20, 1998
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Abstract:

NY -- Standard&Poor's CreditWire 1/20/98 -- Standard&Poor's today assigned its single-`A'-plus rating to San Francisco Airport Commission, Calif.'s $500 million San Francisco International Airport second series revenue bonds dated Jan. 1, 1998 due May 1, 2028. The bonds are scheduled to sell Jan. 18, 1998. The rating reflects the following risks: -- A large and ambitious debt-financed capital program totaling $2.8 billion which, combined with future anticipated projects, will result in a higher cost and substantially more leveraged facility; and -- Continued market share growth of United Airlines Inc. and its codesharing affiliate which represent a concentrated 63% of total enplaned in fiscal 1997. Offsetting strengths include: -- Greater certainty associated with the completion of Near

  
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Ratings Action

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SFOAPT
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Sector
Global Issuers, Public Finance
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "S&P Rts San Francisco Airprt Comm,CA $500M Revs A+" Jan 20, 1998. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rts-San-Francisco-Airprt-Comm-CA-500M-Revs-A-11295>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Rts San Francisco Airprt Comm,CA $500M Revs A+ Jan 20, 1998. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rts-San-Francisco-Airprt-Comm-CA-500M-Revs-A-11295>
  
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