CUSIP 25009WAJ6
- ISIN: US25009WAJ62
- Entity Name: Des Moines Airport Authority
- Sector: Municipal Agency
- Announcement Date: *****
- Effective Date: *****
- Issue Date: *****
- Maturity Date: *****
- Country of Issuer: *****
- Region: N.Amer
- Issue Currency: *****
- CA Type: Rating Upgrade
- News: S&P Global Ratings raised its underlying rating (SPUR) to `A+` from `A` on the Des Moines Airport Authority, Iowa`s revenue bonds outstanding, issued on behalf of Des Moines International Airport (DSM). The outlook is stable. The rating action reflects the application of our revised criteria, ""U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises,"" published March 12, 2018 on RatingsDirect. The rating reflects our opinion of the airport`s strong enterprise risk profile and very strong financial risk profile. The strong enterprise risk profile reflects an origin-and-destination (O&D) small-hub airport that attracts a good level of air travel demand from serving an economically healthy service area, offset by the airport`s relatively modest population base and moderate competition for O&D passengers from other airports in the greater region, particularly to westbound markets. Our enterprise profile risk assessment also reflects the airport`s positive trends, including favorable enplanement growth since 2010, a declining airline cost structure, and a lack of additional debt needs through fiscal 2022. The very strong financial risk profile reflects our anticipation of sustained very strong coverage, extremely strong debt and liabilities capacity, and a continuation of at least very strong liquidity and financial flexibility over the two-year outlook period.
- Description: *****
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US25009WAJ62
