Denver: Banks Unwilling to Issue LOC for Outstanding Airport Debt

Albanese, Elizabeth
February 2002
Bond Buyer;2/7/2002, Vol. 339 Issue 31320, p5
Trade Publication
Reports that banks have declined to back $52 million of outstanding variable-rate debt issued for Denver International Airport with a letter of credit after the September 11, 2001 terrorist attacks in the U.S. Probable reason why banks are reluctant in issuing a letter of credit to the airport; Effect of reduction in traffic by United Airlines on the airport; Rating agencies' view on the outstanding debt of the airport.


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