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.


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