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April 09, 2013

S&P reaffirms DFW Airport's A+ rating for revenue bonds

Standard & Poor's reaffirmed its A+ rating for Dallas/Fort Worth Airport's revenue bonds saying the airport's business remains strong.

The rating agency also assigned an A+ rating to $369.4 million in joint revenue refunding bonds that the airport plans to issue this spring.

"The ratings reflect our view of the airport's solid business position, as demonstrated by its favorable geographic location, airfield capacity, and efficient connecting terminal facilities," S&P rating analyst Todd Spence said.

The A+ rating comes after two other rating firms downgraded the airport's bonds. Last week, Fitch Ratings downgraded the airport's bonds from A+ to A.

-Andrea Ahles

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