TITLE

Fitch Lowers Pennsylvania Airport Bonds Due to US Airways Action

AUTHOR(S)
D'Ambrosio, Gillian
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/1/2003, Vol. 344 Issue 31626, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Fitch Ratings Inc., spurred by US Airways Inc.'s rejection of its leases at Pittsburgh International Airport effective Jan. 5, 2004, declined Allegheny County Airport Authority's outstanding general airport revenue bonds two notches to BBB from A-minus. The second airport decline by Fitch, affects approximately 676.2 million dollars of refunding debt issued between 1997 and 2002 and makes Pittsburgh International Fitch's lowest-rated large-hub airport. The airline also operates hubs at Philadelphia International Airport and Charlotte/Douglas International Airport in North Carolina.
ACCESSION #
9810664

 

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