Summary: Miami-Dade County   Miami International Airport; Airport - S&P Global Ratings’ Credit Research

Summary: Miami-Dade County Miami International Airport; Airport

Summary: Miami-Dade County   Miami International Airport; Airport - S&P Global Ratings’ Credit Research
Summary: Miami-Dade County Miami International Airport; Airport
Published Sep 17, 2020
Published Sep 17, 2020
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About This Report

  
Abstract:

S&P Global Ratings lowered its long-term rating and underlying rating (SPUR) to 'A-' from 'A' on Miami-Dade County's aviation revenue bonds issued for Miami International Airport (MIA) and removed the rating from CreditWatch, where it had been placed with negative implications on Aug. 7, 2020. The outlook is negative. The ratings on MIA, along with the ratings on many other U.S. airports, had been placed on CreditWatch to reflect the material negative impact of the COVID-19 pandemic on traffic, expected financial performance metrics, and overall credit quality. For more information, see "U.S. Airport Ratings Placed On CreditWatch Negative On Severe Passenger Declines And Weakening Credit Metrics," published Aug. 7, 2020 on RatingsDirect. Securing debt service on the bonds is net

  
Report Type:

Summary

Issuer
Miami Intl Arpt
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
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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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Miami-Dade County Miami International Airport; Airport" Sep 17, 2020. Alacra Store. Jan 28, 2022. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Miami-Dade-County-Miami-International-Airport-Airport-2516133>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Miami-Dade County Miami International Airport; Airport Sep 17, 2020. New York, NY: Alacra Store. Retrieved Jan 28, 2022 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Miami-Dade-County-Miami-International-Airport-Airport-2516133>
  
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