TITLE

Moody's Downgrades MassPort Delta bonds

AUTHOR(S)
Piazza, Johanna
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/13/2003, Vol. 344 Issue 31656, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Moody's Investors Service Inc. on June 12, 2003 downgraded Massachusetts Port Authority's special facility revenue bonds for the Delta Airlines Inc. to B1 from Ba1. The 497 million dollars in outstanding bonds affected by the downgrade are insured by Ambac Assurance Corp. and rated triple-A based on the insurance. The terminal will have a total of 18 aircraft gates and seven additional parking positions for regional jets. Massport's May issue of 271 million dollars grant anticipation revenue bonds allocated 49 million dollars to fund the authority's share of the Terminal A project.
ACCESSION #
10112126

 

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