Tear Sheet: Aerostar Airport Holdings LLC - S&P Global Ratings’ Credit Research

Tear Sheet: Aerostar Airport Holdings LLC

Tear Sheet: Aerostar Airport Holdings LLC - S&P Global Ratings’ Credit Research
Tear Sheet: Aerostar Airport Holdings LLC
Published Sep 21, 2023
6 pages (1883 words) — Published Sep 21, 2023
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About This Report

  
Abstract:

Our medium-term expectation of annual traffic growth for 2023-2026 is 1.9%. Aerostar's actual DSCR per the S&P Global Ratings methodology for the trailing-12-month period ended in the second quarter of 2023 is 3.17x, compared with 2.88x for full-year 2022 Under the indenture, the DSCRs for the same periods are 2.93x and 1.68x, respectively. The primary difference is that we exclude movements in and out of the debt service reserve account (DSRA) when calculating DSCR and the project has now cash funded its DSRA. These actual DSCRs compare favorably to our expectation of 2.41x for 2022 and 1.93x for 2023. The stable outlook reflects our expectation that the project will operate in line with our base-case forecast and continue to steadily

  
Brief Excerpt:

...*Unless otherwise noted, all ratings in this report are global scale ratings. S&P Global Ratings' credit ratings on the global scale are comparable across countries. S&P Global Ratings' credit ratings on a national scale are relative to obligors or obligations within that specific country....

  
Report Type:

Full Report

Ticker
0750119D@EK
Issuer
Sector
Global Issuers
Country
Region
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Tear Sheet: Aerostar Airport Holdings LLC" Sep 21, 2023. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Aerostar-Airport-Holdings-LLC-3058491>
  
APA:
S&P Global Ratings’ Credit Research. (). Tear Sheet: Aerostar Airport Holdings LLC Sep 21, 2023. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Aerostar-Airport-Holdings-LLC-3058491>
  
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