Bradley International Airport, CT Revenue Refunding Bond Rating Raised To #A+# On Application Of Our Updated Criteria

Stocks and Financial Services Press Releases Tuesday June 26, 2018 12:35
CENTENNIAL--26 Jun--S&P Global Ratings

CENTENNIAL (S&P Global Ratings) June 25, 2018--S&P Global Ratings raised its long-term rating to 'A+' from 'A' on the state of Connecticut's series 2011A and 2011B general airport revenue refunding bonds, issued for Bradley International Airport (BDL). The outlook is stable.

"The raised rating reflects the application of our updated rating criteria, U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises: Methodologies And Assumptions', published March 12, 2018, on RatingsDirect," said S&P Global Ratings credit analyst Andrew Bredeson.

At fiscal year-end 2018, BDL will have approximately $109 million in general airport revenue bonds (GARBs) outstanding.
BDL's GARB debt consists solely of the privately placed series 2011 bonds. BDL is located in northern Connecticut, roughly equidistant between Hartford, Conn., and Springfield, Mass.

Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria. Please see Ratings Criteria at www.standardandpoors.com for further information. Complete ratings information is available to subscribers of RatingsDirect at www.capitaliq.com. All ratings affected by this rating action can be found on S&P Global Ratings' public website at www.standardandpoors.com. Use the Ratings search box located in the left column.


Latest Press Release

Photo Release: KBank opens new flagship branch and THE WISDOM Lounge at ICONSIAM

Mr. Wirawat Panthawangkul (3rd from left), KBank Senior Executive Vice President, and Ms. Chadatip Chutrakul (4th from left), Director of ICONSIAM Co., Ltd., and Chief Executive Officer of Siam Piwat Co., Ltd., participated in the opening ceremony of...

Photo Release: CIMB Group Joins RippleNet to Power Instant Payments Across ASEAN

Tengku Dato' Sri Zafrul Aziz, Group CEO of CIMB Group (right), and Brad Garlinghouse, Ripple CEO (left) commemorating the strategic collaboration between CIMB Group and Ripple to power instant payments across ASEAN at the Singapore FinTech festival 2018...

CIMB Group Joins RippleNet to Power Instant Payments Across ASEAN

CIMB is one of the first banks to leverage blockchain technology to tap into region's USD120 billion remittance business CIMB Group ("CIMB" or "the Group") and Ripple have entered into a strategic collaboration to enable instant cross border payments...

Fitch Rates EXIM#s USD Senior Notes #BBB+(EXP)#

Fitch Ratings has assigned an expected rating of 'BBB+(EXP)' to Export-Import Bank of Thailand's (EXIM, BBB+/Stable) five-year senior unsecured notes of up to USD300 million. The notes will be issued under the bank's USD1.5 billion medium-term note (MTN)...

KTC joins hands with partners to launch new payment method Garmin Pay.

Mrs. Pittaya Vorapanyasakul (right center), Executive Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited together with Mr. Krairop Luang U-Thai (left center), General Manager, GIS Company Limited, Miss Aileen Chew...

Related Topics