Des Moines Airport Authority
CUSIP 25009WAH0
- Issue Currency: United States of America Dollars
- Announcement Date: 19-Apr-2018
- 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.
- Issue Currency: United States of America Dollars
- Announcement Date: 17-Apr-2018
- 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.
- Issue Currency: United States of America Dollars
- Announcement Date: 16-Apr-2018
- 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.
