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U.S And Canadian Airport And Special Facility Ratings And Outlooks: Current List And Year-To-Date Actions

Table 1

U.S. and Canadian airport ratings and outlooks as of June 14, 2024
Issuer State/province Rating/outlook as of June 14, 2024

Albany International Airport

NY A/Stable

Augusta Regional Airport

GA A-/Stable

Austin-Bergstrom International Airport

TX A+/Stable
Austin-Bergstrom International Airport (second lien) TX A/Stable

Baltimore/Washington International Airport (PFC)

MD A+/Stable

Burbank-Glendale-Pasadena Airport Authority

CA A/Stable

Bush Intercontinental Airport and Hobby Airport (second lien)

TX A+/Stable

Charleston County Airport

SC A+/Stable

Chicago Midway International Airport

IL A/Stable

Chicago O'Hare International Airport

IL A+/Stable
Chicago O'Hare International Airport (PFC) IL A+/Stable

Cleveland Hopkins International Airport

OH A/Stable

Dallas-Fort Worth International Airport

TX A+/Positive

Dayton International Airport

OH BBB+/Stable

Denver International Airport

CO AA-/Stable
Denver International Airport (second lien) CO A+/Stable

Detroit Metropolitan Wayne County Airport

MI A/Stable
Detroit Metropolitan Wayne County Airport (second lien) MI A-/Stable

Edmonton Regional Airports Authority

AB A/Positive

El Paso International Airport

TX A+/Stable

Fort Lauderdale-Hollywood International Airport

FL A+/Stable

Fresno Yosemite International Airport

CA A/Stable

Greater Toronto Airports Authority

ON A+/Stable

Halifax International Airport Authority

NS A+/Stable

Hartsfield Jackson Atlanta International Airport

GA AA-/Stable
Hartsfield Jackson Atlanta International Airport (second lien) GA AA-/Stable

Hawaii Airport System

HI AA-/Stable
Hawaii Airport System (second lien) HI A+/Stable

Indianapolis Airport Authority

IN A/Stable

Jackson County (Rogue Valley International Medford Airport)

OR A+/Stable

Kansas City International Airport

MO A/Stable

Las Vegas Harry Reid International Airport

NV AA/Stable
Las Vegas Harry Reid International Airport (second lien) NV AA-/Stable
Las Vegas Harry Reid International Airport (third lien) NV AA-/Stable

Los Angeles International Airport

CA AA/Stable
Los Angeles International Airport (second lien) CA AA-/Stable

Louisville International Airport

KY A+/Stable

Love Field Airport Modernization Corp.

TX A/Stable

Massachusetts Port Authority (Boston Logan International Airport)

MA AA/Stable

Memphis International Airport

TN A/Stable

Miami International Airport

FL A+/Stable

Minneapolis St. Paul International Airport

MN AA-/Stable
Minneapolis St. Paul International Airport (second lien) MN A+/Stable

Mobile Airport Authority

AL A-/Stable

Nashville International Airport

TN AA-/Stable

New Orleans Aviation Board (Louis Armstrong New Orleans International Airport)

LA A/Stable

Norfolk Airport Authority

VA A/Stable

Omaha Eppley Airfield

NE AA-/Stable

Ontario International Airport

CA A/Stable

Orlando International Airport

FL AA/Stable
Orlando International Airport (second lien) FL AA-/Stable

Ottawa Macdonald Cartier International Airport Authority

ON A+/Stable

Palm Beach International Airport

FL A+/Stable

Palm Springs International Airport (PFC)

CA A/Stable

Philadelphia International Airport

PA A+/Stable

Phoenix Sky Harbor International Airport

AZ AA-/Stable
Phoenix Sky Harbor International Airport (second lien) AZ A+/Stable

Port Authority of New York & New Jersey

NY AA-/Stable
Port Authority of New York & New Jersey (Newark Housing Authority) (O&M lien) NY AA-/Stable

New York Liberty Development Corp. (4 World Trade Center)--based off of PANYNJ rating

NY A+/Stable

Port of Oakland (Oakland International Airport)

CA A+/Stable
Port of Oakland (Oakland International Airport) (third lien) CA A/Stable

Port of Pasco (Tri-Cities Airport)

WA A/Stable

Port of Seattle (Seattle-Tacoma International Airport)

WA AA/Stable
Port of Seattle (Seattle-Tacoma International Airport) (second lien) WA AA-/Stable

Portland International Airport

OR AA-/Stable
Portland International Airport (PFC) OR A+/Stable

Portland International Jetport

ME A-/Stable

Rhode Island Airport Corp. (T.F. Green International Airport)

RI A/Stable

Sacramento International Airport

CA A+/Stable
Sacramento International Airport (second lien) CA A/Stable

Salt Lake City International Airport

UT A+/Stable

San Antonio International Airport

TX A+/Stable
San Antonio International Airport (second lien) TX A/Stable

San Diego County Regional Airport Authority (second lien)

CA A/Stable

San Francisco International Airport

CA A+/Stable

San Jose International Airport

CA A/Stable

Southwest Florida International Airport

FL A/Stable

St. Joseph County Airport Authority

IN A+/Stable

St. Louis Lambert International Airport

MO A/Stable

Tampa International Airport

FL AA-/Stable
Tampa International Airport (second lien) FL A+/Stable

Tulsa International Airport

OK A+/Stable

Vancouver Airport Authority

BC AA-/Stable

Washington Dulles International Airport and Reagan National Airport

DC AA-/Stable
Washington Dulles International Airport and Reagan National Airport (second lien) DC AA-/Stable

Will Rogers World Airport (second lien)

OK A+/Stable

Williamson County Airport Authority

IL A+/Stable

Winnipeg Airports Authority Inc.

MB A+/Stable
PFC--Passenger facility charge. PANYNJ--Port Authority of New York and New Jersey.

Table 2

U.S. and Canadian special facility project ratings and outlooks as of June 14, 2024
Issuer State/province Rating/outlook as of June 14, 2024

Bradley International Airport (CFC)

CT A/Stable

Bush Intercontinental Airport (CFC)

TX A/Stable

Chicago O'Hare International Airport (CFC)

IL BBB+/Stable
Chicago O'Hare International Airport (CFC--second lien TIFIA) IL BBB+/Stable

Hartsfield Jackson Atlanta International Airport (CFC)

GA A/Stable

Hawaii Airport System (CFC)

HI A+/Stable

Massachusetts Port Authority (Boston Logan International Airport) (CFC)

MA A/Stable

NAV CANADA

ON AA/Stable

New Orleans Aviation Board (Louis Armstrong New Orleans International Airport) (CFC)

LA A/Stable

Phoenix Sky Harbor International Airport (CFC)

AZ A/Stable

Portland International Airport (CFC)

OR A/Stable

Rhode Island Airport Corp. (T.F. Green International Airport) (CFC)

RI A/Stable

San Antonio International Airport (CFC)

TX A/Stable

San Diego County Regional Airport Authority (CFC)

CA A/Stable

SEATAC Fuel Facilities LLC

WA A+/Stable

SFO Fuel Co. LLC

CA A+/Stable

Tampa International Airport (CFC)

FL A/Stable
CFC--Customer facility charge. TIFIA--Transportation Infrastructure Finance and Innovation Act.

Table 3

U.S. and Canadian airport and special facility project ratings: Year-to-date 2024 rating actions as of June 14, 2024
Issuer Asset class State Rating action Rating action date Prior rating/outlook Current rating/outlook

Bradley International Airport (CFC)

Special facility CT Upgrade Jan. 30, 2024 BBB+/Positive A/Stable

Augusta Regional Airport

Airport GA Upgrade Feb. 2, 2024 BBB+/Positive A-/Stable

Ottawa Macdonald Cartier International Airport Authority

Airport ON Upgrade Apr. 16, 2024 A/Positive A+/Stable

Miami International Airport

Airport FL Upgrade Apr. 22, 2024 A/Positive A+/Stable

Kansas City International Airport

Airport MO Upgrade May 2, 2024 A-/Positive A/Stable

Las Vegas Harry Reid International Airport

Airport NV Upgrade May 20, 2024 AA-/Stable AA/Stable
Las Vegas Harry Reid International Airport, 2nd lien Airport NV Upgrade May 20, 2024 A+/Stable AA-/Stable
Las Vegas Harry Reid International Airport, 3rd lien Airport NV Upgrade May 20, 2024 A+/Stable AA-/Stable

Tulsa International Airport

Airport OK Upgrade May 21, 2024 A/Stable A+/Stable

Edmonton Regional Airports Authority

Airport AB Positive outlook June 4, 2024 A/Stable A/Positive

Orlando International Airport

Airport FL Upgrade June 7, 2024 AA-/Stable AA/Stable
Orlando International Airport (second lien) Airport FL Upgrade June 7, 2024 A+/Stable AA-/Stable
CFC--Customer facility charge.

This report does not constitute a rating action.

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