Summary: Greater Orlando Aviation Authority, Florida; Airport - S&P Global Ratings’ Credit Research

Summary: Greater Orlando Aviation Authority, Florida; Airport

Summary: Greater Orlando Aviation Authority, Florida; Airport - S&P Global Ratings’ Credit Research
Summary: Greater Orlando Aviation Authority, Florida; Airport
Published Jan 19, 2022
7 pages (3172 words) — Published Jan 19, 2022
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings raised its long-term rating and underlying rating (SPUR) on the Greater Orlando Aviation Authority (GOAA or the authority), Fla.'s senior-lien airport facilities revenue bonds to 'AA-' from 'A+' and raised its rating on the authority's subordinate-lien debt to 'A+' from 'A'. The outlook is stable. At the same time, S&P Global Ratings assigned its 'AA-' long-term rating with a stable outlook to GOAA's pro forma $175.165 million series 2022A (AMT) airport facilities revenue bonds, $64.04 million series 2022B (taxable) airport facilities revenue bonds, $8.605 million series 2022C (AMT) airport facilities refunding revenue bonds, $21.51 million series 2022D (non-AMT) airport facilities refunding revenue bonds, and $11.58 million series 2022E (taxable) airport facilities refunding revenue bonds. The upgrade reflects

  
Brief Excerpt:

...S&P Global Ratings raised its long-term rating and underlying rating (SPUR) on the Greater Orlando Aviation Authority (GOAA or the authority), Fla.'s senior-lien airport facilities revenue bonds to '##-' from 'A+' and raised its rating on the authority's subordinate-lien debt to 'A+' from 'A'. The outlook is stable. At the same time, S&P Global Ratings assigned its '##-' long-term rating with a stable outlook to GOAA's pro forma $175.165 million series 2022A (AMT) airport facilities revenue bonds, $64.04 million series 2022B (taxable) airport facilities revenue bonds, $8.605 million series 2022C (AMT) airport facilities refunding revenue bonds, $21.51 million series 2022D (non-AMT) airport facilities refunding revenue bonds, and $11.58 million series 2022E (taxable) airport facilities refunding revenue bonds. The upgrade reflects Orlando International Airport's (MCO) demonstrated financial resilience and rate-setting flexibility during a period of materially depressed activity levels, along...

  
Report Type:

Summary

Issuer
Greater Orlando Aviation Authority
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. "Summary: Greater Orlando Aviation Authority, Florida; Airport" Jan 19, 2022. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Greater-Orlando-Aviation-Authority-Florida-Airport-2782430>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Greater Orlando Aviation Authority, Florida; Airport Jan 19, 2022. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Greater-Orlando-Aviation-Authority-Florida-Airport-2782430>
  
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