Phoenix, Arizona— Moody’s Investors Service maintained Phoenix Sky Harbor International Airport’s bond ratings on the Airport’s senior (Aa3) and junior (A1) liens. Moody’s upgraded the airport’s rental car bonds to ‘A2’ as a result of regular growth in transaction days, and strong bond coverage and liquidity. The ‘A2’ rating on the rental car bonds is the highest rating among the 16 standalone facilities rated by Moody’s.
Standard and Poor’s Ratings Services (S&P) also affirmed its ‘AA-’ rating on the Airport’s senior lien, and ‘A+’ rating on the airport’s junior lien. S&P maintained an ‘A’ rating on the Airport’s rental car center bonds, which the rating service upgraded in 2015.
The ratings agencies cite several factors that contributed to Sky Harbor’s high bond ratings, including a robust demand for air service in the market, the airport’s low cost structure, a competitive airline environment, an experienced and effective administrative team, and the Airport’s recent strong financial performance.
A higher bond rating means the airport pays lower interest rates when it borrows funds for airport improvements and modernization projects.
No local tax dollars are used to support Phoenix Sky Harbor. The airport is funded with the revenue that it generates.
2022 Charlotte Douglas International Airport Report of Achievement
Giving back to the community is central to what Charlotte Douglas International Airport and its operator, the City of Charlotte Aviation Department, is about, and last year was no different.
Throughout 2022, while recovering from the COVID-19 pandemic, we continued our efforts to have a positive impact on the Charlotte community. Of particular note, we spent the year sharing stories of how Connections Don't Just Happen at the Terminal - from creating homeownership and employment opportunities to supporting economic growth through small-business development and offering outreach programs to help residents understand the Airport better.
This whitepaper highlights the construction projects, initiatives, programs and events that validate Charlotte Douglas as a premier airport.
Download the whitepaper: 2022 Charlotte Douglas International Airport Report of Achievement.