Standard&Poor's 'A+' underlying rating (SPUR) on Port of Oakland, Calif.'s senior airport revenue bonds issued for Oakland International Airport reflect the expectation that the financial profile of the airport will recover in the near term to support the existing ratings due to positive management action combined with good demand recovery. The airport benefits from a high percentage of origin and destination (O&D) travel (95%) and from having Southwest Airlines as its main carrier. Southwest's essentially uninterrupted service has helped restore demand and has permitted continued solid flow of airline and non-airline revenues. All of these factors should help to contribute to the airport's rebound from the current challenging environment for the airport sector as a whole, which is
RESEARCH Summary: Port of Oakland, CA; Transportation, Ports/Port Authorities Publication date: 22-Mar-2002 Credit Profile AFFIRMED, OFF CREDITWATCH $260.485 mil. Port of Oakland rev rfdg rev ser 1997 G&H (AMT) I&J (Non-AMT) dtd 01/01/1997...
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Port of Oakland's Revenue Bonds Rated 'A+' on Revenue Strength&Diversity and Port Demand – 2002/07/15 – US$ 150.00
Summary: Port of Oakland, CA; Transportation, Ports/Port Authorities – 2002/07/16 – US$ 225.00
Port of Oakland; Transportation, Ports/Port Authorities – 2002/07/16 – US$ 500.00
Summary: Port of Oakland, CA – 2002/08/19 – US$ 225.00
Port of Oakland, California; Transportation, Ports/Port Authorities – 2002/09/10 – US$ 500.00
Summary: Port of Oakland, CA; Revenue - Transportation, Ports/Port Authorities – 2000/03/31 – US$ 225.00
Port of Oakland, California; Revenue - Transportation, Ports/Port Authorities – 2000/03/30 – US$ 500.00
Port of Oakland, CA's AMT Revenue Bonds Rated 'A+'; Outlook Stable – 2000/03/28 – US$ 150.00
Summary: Port of Oakland, CA; Pf Structured, Letter of Credit – 1999/09/17 – US$ 225.00
Summary: Port of Oakland, CA; Pf Structured, Letter of Credit – 1998/10/20 – US$ 225.00
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