Standard & Poor's
Rating Services affirms a stable outlook for Colorado Springs Airport Revenue
Bonds Airport revenue bonds' ‘A-' rating affirmed Standard
& Poor's Rating Services has affirmed it's "A-" rating and a stable
outlook for Colorado Springs Airport Revenue Bonds, according to Gisela Shanahan,
assistant director of aviation-finance and administration at the airport. Specific
credit strengths include the airport's strong liquidity, diversity in air carrier
service and a solid, diverse and growing economic base supporting a largely origin
and destination passenger market with moderate cost structure for a small-hub
airport. The report also cited the airports lower than average debt ratio and
strong balance sheet, with cash reserves of 709 days.
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