S&P Rts San Francisco Airpts Com,CA/SFO Fuel Bnds A- - S&P Global Ratings’ Credit Research

S&P Rts San Francisco Airpts Com,CA/SFO Fuel Bnds A-

S&P Rts San Francisco Airpts Com,CA/SFO Fuel Bnds A- - S&P Global Ratings’ Credit Research
S&P Rts San Francisco Airpts Com,CA/SFO Fuel Bnds A-
Published Aug 21, 1997
Published Aug 21, 1997
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Abstract:

NY -- Standard&Poor's CreditWire 8/21/97 -- Standard&Poor's today has assigned its single-`A'-minus rating to the following San Francisco Airports Commission, Calif.'s bonds: -- $88.63 million San Francisco International Airport special facilities revenue bonds (SFO Fuel Co. LLC) series 1997A dated July 1, 1997, and -- $14 million San Francisco International Airport special facilities lease revenue bonds (SFO Fuel Co. LLC) taxable series 1997B dated July 1, 1997. The single-`A'-minus rating reflects the following risks: -- A weak legal structure governing the fueling system operations whereby no excess cash coverage is either generated or required, -- The potential for future debt without meeting any type of additional bonds test, and -- Concentration in one large user (United

  
Report Type:

Ratings Action

Ticker
SFOAPT
Issuer
Sector
Global Issuers, Public Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "S&P Rts San Francisco Airpts Com,CA/SFO Fuel Bnds A-" Aug 21, 1997. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rts-San-Francisco-Airpts-Com-CA-SFO-Fuel-Bnds-A-8598>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Rts San Francisco Airpts Com,CA/SFO Fuel Bnds A- Aug 21, 1997. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rts-San-Francisco-Airpts-Com-CA-SFO-Fuel-Bnds-A-8598>
  
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