Table 1
U.S. and Canadian airport ratings and outlooks as of June 14, 2024 | ||||||
---|---|---|---|---|---|---|
Issuer | State/province | Rating/outlook as of June 14, 2024 | ||||
Albany International Airport |
NY | A/Stable | ||||
Augusta Regional Airport |
GA | A-/Stable | ||||
Austin-Bergstrom International Airport |
TX | A+/Stable | ||||
Austin-Bergstrom International Airport (second lien) | TX | A/Stable | ||||
Baltimore/Washington International Airport (PFC) |
MD | A+/Stable | ||||
Burbank-Glendale-Pasadena Airport Authority |
CA | A/Stable | ||||
Bush Intercontinental Airport and Hobby Airport (second lien) |
TX | A+/Stable | ||||
Charleston County Airport |
SC | A+/Stable | ||||
Chicago Midway International Airport |
IL | A/Stable | ||||
Chicago O'Hare International Airport |
IL | A+/Stable | ||||
Chicago O'Hare International Airport (PFC) | IL | A+/Stable | ||||
Cleveland Hopkins International Airport |
OH | A/Stable | ||||
Dallas-Fort Worth International Airport |
TX | A+/Positive | ||||
Dayton International Airport |
OH | BBB+/Stable | ||||
Denver International Airport |
CO | AA-/Stable | ||||
Denver International Airport (second lien) | CO | A+/Stable | ||||
Detroit Metropolitan Wayne County Airport |
MI | A/Stable | ||||
Detroit Metropolitan Wayne County Airport (second lien) | MI | A-/Stable | ||||
Edmonton Regional Airports Authority |
AB | A/Positive | ||||
El Paso International Airport |
TX | A+/Stable | ||||
Fort Lauderdale-Hollywood International Airport |
FL | A+/Stable | ||||
Fresno Yosemite International Airport |
CA | A/Stable | ||||
Greater Toronto Airports Authority |
ON | A+/Stable | ||||
Halifax International Airport Authority |
NS | A+/Stable | ||||
Hartsfield Jackson Atlanta International Airport |
GA | AA-/Stable | ||||
Hartsfield Jackson Atlanta International Airport (second lien) | GA | AA-/Stable | ||||
Hawaii Airport System |
HI | AA-/Stable | ||||
Hawaii Airport System (second lien) | HI | A+/Stable | ||||
Indianapolis Airport Authority |
IN | A/Stable | ||||
Jackson County (Rogue Valley International Medford Airport) |
OR | A+/Stable | ||||
Kansas City International Airport |
MO | A/Stable | ||||
Las Vegas Harry Reid International Airport |
NV | AA/Stable | ||||
Las Vegas Harry Reid International Airport (second lien) | NV | AA-/Stable | ||||
Las Vegas Harry Reid International Airport (third lien) | NV | AA-/Stable | ||||
Los Angeles International Airport |
CA | AA/Stable | ||||
Los Angeles International Airport (second lien) | CA | AA-/Stable | ||||
Louisville International Airport |
KY | A+/Stable | ||||
Love Field Airport Modernization Corp. |
TX | A/Stable | ||||
Massachusetts Port Authority (Boston Logan International Airport) |
MA | AA/Stable | ||||
Memphis International Airport |
TN | A/Stable | ||||
Miami International Airport |
FL | A+/Stable | ||||
Minneapolis St. Paul International Airport |
MN | AA-/Stable | ||||
Minneapolis St. Paul International Airport (second lien) | MN | A+/Stable | ||||
Mobile Airport Authority |
AL | A-/Stable | ||||
Nashville International Airport |
TN | AA-/Stable | ||||
New Orleans Aviation Board (Louis Armstrong New Orleans International Airport) |
LA | A/Stable | ||||
Norfolk Airport Authority |
VA | A/Stable | ||||
Omaha Eppley Airfield |
NE | AA-/Stable | ||||
Ontario International Airport |
CA | A/Stable | ||||
Orlando International Airport |
FL | AA/Stable | ||||
Orlando International Airport (second lien) | FL | AA-/Stable | ||||
Ottawa Macdonald Cartier International Airport Authority |
ON | A+/Stable | ||||
Palm Beach International Airport |
FL | A+/Stable | ||||
Palm Springs International Airport (PFC) |
CA | A/Stable | ||||
Philadelphia International Airport |
PA | A+/Stable | ||||
Phoenix Sky Harbor International Airport |
AZ | AA-/Stable | ||||
Phoenix Sky Harbor International Airport (second lien) | AZ | A+/Stable | ||||
Port Authority of New York & New Jersey |
NY | AA-/Stable | ||||
Port Authority of New York & New Jersey (Newark Housing Authority) (O&M lien) | NY | AA-/Stable | ||||
New York Liberty Development Corp. (4 World Trade Center)--based off of PANYNJ rating |
NY | A+/Stable | ||||
Port of Oakland (Oakland International Airport) |
CA | A+/Stable | ||||
Port of Oakland (Oakland International Airport) (third lien) | CA | A/Stable | ||||
Port of Pasco (Tri-Cities Airport) |
WA | A/Stable | ||||
Port of Seattle (Seattle-Tacoma International Airport) |
WA | AA/Stable | ||||
Port of Seattle (Seattle-Tacoma International Airport) (second lien) | WA | AA-/Stable | ||||
Portland International Airport |
OR | AA-/Stable | ||||
Portland International Airport (PFC) | OR | A+/Stable | ||||
Portland International Jetport |
ME | A-/Stable | ||||
Rhode Island Airport Corp. (T.F. Green International Airport) |
RI | A/Stable | ||||
Sacramento International Airport |
CA | A+/Stable | ||||
Sacramento International Airport (second lien) | CA | A/Stable | ||||
Salt Lake City International Airport |
UT | A+/Stable | ||||
San Antonio International Airport |
TX | A+/Stable | ||||
San Antonio International Airport (second lien) | TX | A/Stable | ||||
San Diego County Regional Airport Authority (second lien) |
CA | A/Stable | ||||
San Francisco International Airport |
CA | A+/Stable | ||||
San Jose International Airport |
CA | A/Stable | ||||
Southwest Florida International Airport |
FL | A/Stable | ||||
St. Joseph County Airport Authority |
IN | A+/Stable | ||||
St. Louis Lambert International Airport |
MO | A/Stable | ||||
Tampa International Airport |
FL | AA-/Stable | ||||
Tampa International Airport (second lien) | FL | A+/Stable | ||||
Tulsa International Airport |
OK | A+/Stable | ||||
Vancouver Airport Authority |
BC | AA-/Stable | ||||
Washington Dulles International Airport and Reagan National Airport |
DC | AA-/Stable | ||||
Washington Dulles International Airport and Reagan National Airport (second lien) | DC | AA-/Stable | ||||
Will Rogers World Airport (second lien) |
OK | A+/Stable | ||||
Williamson County Airport Authority |
IL | A+/Stable | ||||
Winnipeg Airports Authority Inc. |
MB | A+/Stable | ||||
PFC--Passenger facility charge. PANYNJ--Port Authority of New York and New Jersey. |
Table 2
U.S. and Canadian special facility project ratings and outlooks as of June 14, 2024 | ||||||
---|---|---|---|---|---|---|
Issuer | State/province | Rating/outlook as of June 14, 2024 | ||||
Bradley International Airport (CFC) |
CT | A/Stable | ||||
Bush Intercontinental Airport (CFC) |
TX | A/Stable | ||||
Chicago O'Hare International Airport (CFC) |
IL | BBB+/Stable | ||||
Chicago O'Hare International Airport (CFC--second lien TIFIA) | IL | BBB+/Stable | ||||
Hartsfield Jackson Atlanta International Airport (CFC) |
GA | A/Stable | ||||
Hawaii Airport System (CFC) |
HI | A+/Stable | ||||
Massachusetts Port Authority (Boston Logan International Airport) (CFC) |
MA | A/Stable | ||||
NAV CANADA |
ON | AA/Stable | ||||
New Orleans Aviation Board (Louis Armstrong New Orleans International Airport) (CFC) |
LA | A/Stable | ||||
Phoenix Sky Harbor International Airport (CFC) |
AZ | A/Stable | ||||
Portland International Airport (CFC) |
OR | A/Stable | ||||
Rhode Island Airport Corp. (T.F. Green International Airport) (CFC) |
RI | A/Stable | ||||
San Antonio International Airport (CFC) |
TX | A/Stable | ||||
San Diego County Regional Airport Authority (CFC) |
CA | A/Stable | ||||
SEATAC Fuel Facilities LLC |
WA | A+/Stable | ||||
SFO Fuel Co. LLC |
CA | A+/Stable | ||||
Tampa International Airport (CFC) |
FL | A/Stable | ||||
CFC--Customer facility charge. TIFIA--Transportation Infrastructure Finance and Innovation Act. |
Table 3
U.S. and Canadian airport and special facility project ratings: Year-to-date 2024 rating actions as of June 14, 2024 | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Issuer | Asset class | State | Rating action | Rating action date | Prior rating/outlook | Current rating/outlook | ||||||||
Bradley International Airport (CFC) |
Special facility | CT | Upgrade | Jan. 30, 2024 | BBB+/Positive | A/Stable | ||||||||
Augusta Regional Airport |
Airport | GA | Upgrade | Feb. 2, 2024 | BBB+/Positive | A-/Stable | ||||||||
Ottawa Macdonald Cartier International Airport Authority |
Airport | ON | Upgrade | Apr. 16, 2024 | A/Positive | A+/Stable | ||||||||
Miami International Airport |
Airport | FL | Upgrade | Apr. 22, 2024 | A/Positive | A+/Stable | ||||||||
Kansas City International Airport |
Airport | MO | Upgrade | May 2, 2024 | A-/Positive | A/Stable | ||||||||
Las Vegas Harry Reid International Airport |
Airport | NV | Upgrade | May 20, 2024 | AA-/Stable | AA/Stable | ||||||||
Las Vegas Harry Reid International Airport, 2nd lien | Airport | NV | Upgrade | May 20, 2024 | A+/Stable | AA-/Stable | ||||||||
Las Vegas Harry Reid International Airport, 3rd lien | Airport | NV | Upgrade | May 20, 2024 | A+/Stable | AA-/Stable | ||||||||
Tulsa International Airport |
Airport | OK | Upgrade | May 21, 2024 | A/Stable | A+/Stable | ||||||||
Edmonton Regional Airports Authority |
Airport | AB | Positive outlook | June 4, 2024 | A/Stable | A/Positive | ||||||||
Orlando International Airport |
Airport | FL | Upgrade | June 7, 2024 | AA-/Stable | AA/Stable | ||||||||
Orlando International Airport (second lien) | Airport | FL | Upgrade | June 7, 2024 | A+/Stable | AA-/Stable | ||||||||
CFC--Customer facility charge. |
This report does not constitute a rating action.
Primary Credit Analyst: | Kurt E Forsgren, Boston + 1 (617) 530 8308; kurt.forsgren@spglobal.com |
Secondary Contacts: | Kevin R Archer, San Francisco + 1 (415) 3715031; Kevin.Archer@spglobal.com |
Kenneth P Biddison, Englewood + 1 (303) 721 4321; kenneth.biddison@spglobal.com | |
Sussan S Corson, New York + 1 (212) 438 2014; sussan.corson@spglobal.com | |
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Paul J Dyson, Austin + 1 (415) 371 5079; paul.dyson@spglobal.com | |
Bhavini Patel, CFA, Toronto + 1 (416) 507 2558; bhavini.patel@spglobal.com | |
Joseph J Pezzimenti, New York + 1 (212) 438 2038; joseph.pezzimenti@spglobal.com | |
Quinn Rees, New York 2124382526; quinn.rees@spglobal.com | |
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Kayla Smith, Englewood + 1 (303) 721 4450; kayla.smith@spglobal.com | |
Andrew J Stafford, New York + 212-438-1937; andrew.stafford1@spglobal.com |
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