ORLANDO, Fla.— The Kroll Bond Rating Agency (KBRA) has reaffirmed its assessment of a series of bonds issued by the Greater Orlando Aviation Authority. KBRA maintained its AA rating and Stable outlook on a series of General Airport Revenue Bonds (GARB). The favorable evaluation is the result of Orlando International Airport (MCO) continuing to trend upward on its performance arc.
According to KBRA, the AA rating was influenced by:
Another positive factor noted by KBRA was the Authority’s rates agreement with its airline partners, which affords considerable flexibility in undertaking capital projects without the requirement of airline approval.
The Stable Outlook reflects:
The Orlando-Kissimmee-Sanford market is a leading global venue for tourism. With seven of the ten most visited theme parks in the world, the region hosted 74 million visitors in 2022, a decline of only 2.6% versus the pre-pandemic record set in 2019. In recent years, the region has also become a center for life sciences, health care, aerospace and defense, advanced manufacturing, and innovative technologies.
PAVIX: Proven Winner for All Airport Concrete Infrastructure
International Chem-Crete Corporation (ICC) manufactures and sells PAVIX, a unique line of crystalline waterproofing products that penetrate into the surface of cured concrete to fill and seal pores and capillary voids, creating a long lasting protective zone within the concrete substrate.
Once concrete is treated, water is prevented from penetrating through this protective zone and causing associated damage, such as freeze-thaw cracking, reinforcing steel corrosion, chloride ion penetration, and ASR related cracking.
This white paper discusses how the PAVIX CCC100 technology works and its applications.