Moody\u2019s Investors Service maintained Phoenix Sky Harbor International Airport\u2019s bond ratings on the Airport\u2019s senior (Aa3) and junior (A1) liens. Moody\u2019s upgraded the airport\u2019s rental car bonds to \u2018A2\u2019 as a result of regular growth in transaction days, and strong bond coverage and liquidity. The \u2018A2\u2019 rating on the rental car bonds is the highest rating among the 16 standalone facilities rated by Moody\u2019s.<\/p>\n
Standard and Poor\u2019s Ratings Services (S&P) also affirmed its \u2018AA-\u2019 rating on the Airport\u2019s senior lien, and \u2018A+\u2019 rating on the airport\u2019s junior lien. S&P maintained an \u2018A\u2019 rating on the Airport\u2019s rental car center bonds, which the rating service upgraded in 2015.<\/p>\n
The ratings agencies cite several factors that contributed to Sky Harbor\u2019s high bond ratings, including a robust demand for air service in the market, the airport\u2019s low cost structure, a competitive airline environment, an experienced and effective administrative team, and the Airport\u2019s recent strong financial performance.<\/p>\n
A higher bond rating means the airport pays lower interest rates when it borrows funds for airport improvements and modernization projects.<\/p>\n
No local tax dollars are used to support Phoenix Sky Harbor. The airport is funded with the revenue that it generates.<\/p>\n","protected":false},"excerpt":{"rendered":"
Moody\u2019s Investors Service maintained Phoenix Sky Harbor International Airport\u2019s bond ratings on the Airport\u2019s senior (Aa3) and junior (A1) liens. Moody\u2019s upgraded the airport\u2019s rental car bonds to \u2018A2\u2019 as a result of regular growth in transaction days, and strong bond coverage and liquidity. The \u2018A2\u2019 rating on the rental car bonds is the highest […]<\/p>\n","protected":false},"author":3,"featured_media":7400,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-8440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-arizona"],"jetpack_featured_media_url":"https:\/\/stateaviationjournal.com\/wp-content\/uploads\/\\wp-content\\uploads\/monsoon 2011 077Aedit.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/8440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/comments?post=8440"}],"version-history":[{"count":1,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/8440\/revisions"}],"predecessor-version":[{"id":8441,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/8440\/revisions\/8441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/media\/7400"}],"wp:attachment":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/media?parent=8440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/categories?post=8440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/tags?post=8440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}