Assessment affirms Stable Outlook, cities growing population, expanding economy, and well-maintained financial operations
NASHVILLE, Tenn. (November 13, 2023) – Kroll Bond Rating Agency (KBRA), a prominent nationally recognized credit rating agency, has affirmed its AA- long-term ratings for the Metropolitan Nashville Airport Authority Airport (MNAA) Improvement Revenue Bonds, and A+ for the Subordinate Airport Improvement Revenue Bonds. The assessment also reaffirms MNAA's Stable Outlook.
The ratings were upheld due to the following key credit factors:
The population of Nashville and Middle Tennessee is increasing, driven by an expanding economy. This growth is attributed to the area's substantial institutional presence, which includes the state capital, higher education institutions, and healthcare facilities, as well as noteworthy private sector investments and corporate relocations.
· A strong and well-established growth trend in enplaned passenger numbers, rebounding after pandemic-related disruptions.
· MNAA's strong financial operations which are marked by abundant coverage and considerable liquidity.
Nashville International Airport® (BNA®) is committed to maintaining strong bond ratings and ensuring transparency with both the investor community and the general public. MNAA offers an investor relations website accessible at www.nashvilleairportbonds.com.
About Nashville International Airport®
As infrastructure critical to the region’s growth and prosperity, BNA® is a vital asset for Middle Tennessee and serves as a gateway to Music City and beyond. According to a recent study, in 2019 alone, BNA generated more than $9.9 billion in total economic impact, supported more than 76,000 jobs in the region, and produced more than $443 million in state, local, and federal taxes. BNA receives no local tax dollars. For more information, visit flynashville.com. Follow us on Facebook: @NashvilleInternationalAirport, Twitter: @Fly_Nashville, and Instagram: @FlyNashville. Learn more about BNA® Vision, our expansion and renovation plan for the airport, at BNAVision.com.
About John C. Tune Airport®
Located in West Nashville, only eight miles from downtown Nashville, John C. Tune Airport, also known as JWN®, is the busiest general aviation airport in Tennessee. It serves the needs of regional, corporate, and private aircraft and is a reliever airport for Nashville International Airport (BNA). JWN has generated $92 million in economic impact and is owned and managed by the Metropolitan Nashville Airport Authority. JWN receives no local tax dollars. For more information, visit flynashville.com/nashville-airport-authority/john-c-tune.
NASHVILLE INTERNATIONAL AIRPORT®, BNA®, COMMANDER BERRY FIELD®, JOHN C. TUNE AIRPORT®, and JWN®, among others, are the registered trademarks and trademarks of The Metropolitan Nashville Airport Authority (“MNAA”). Use of these trademarks without permission from MNAA is strictly prohibited.
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.