TITLE

SARS, Other Woes Push Fitch to Lower Miami Airport

AUTHOR(S)
Sigo, Shelly
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/30/2003, Vol. 344 Issue 31625, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
A combination of American Airlines' financial woes, the war in Iraq, and a widespread disease have combined to drive Fitch Ratings to decline the debt of Miami International Airport. The decline to A from A-plus, affects 2.6 billion dollars of outstanding debt issued by Miami-Dade County on behalf of the airport. American Airlines, the nation's principal carrier serving Latin America, maintains a major part at Miami and accounted for 57 percent of enplanements there in fiscal 2002. Miami is not the only airport suffering from these international problems. In the third week of March 2003, Denver International Airport, Los Angeles International Airport, and the Northwest Arkansas Regional Airport sold nearly 400 million dollars of debt without much trouble.
ACCESSION #
9810712

 

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