Southwest Florida International Airport bond rating affirmed
Standard & Poor’s Ratings Service has affirmed its ‘A-‘ rating on Southwest Florida International Airport’s $347 million airport revenue bonds. The rating outlook on all bonds is stable. The bonds are payable from the net revenues generated by the operations of Southwest Florida International Airport.
The ‘A-‘ rating is based on the airport’s broad service area, excellent air carrier diversity with an overwhelming origin and destination market, very strong liquidity levels and no additional debt plans in the near term.
The Stable Outlook reflects the expectation of stabilizing passenger enplanement trends, the airport’s competitive cost levels and the return to historically good financial performance.
Southwest Florida International Airport served more than 7.6 million passengers in 2008 and is one of the top 50 U.S. airports for passenger traffic. No ad valorem (property) taxes are used for airport operation or construction. For more information, log onto www.flylcpa.com.