Bond Ratings and Passenger Traffic Up at Lambert
Two rating agencies have announced ratings increases on Lambert-St. Louis International Airport debt. Moody’s raised its rating to A3-stable outlook from Baa1 with a stable outlook. Standard & Poor’s raised its rating to A- with a stable outlook from A- with a negative outlook.
The rating agencies attributed the upgrades to strong fiscal management and positive passenger traffic. Just released, passenger enplanements at Lambert Airport jumped 2.5 percent in April versus a year ago. Approximately 522,900 passengers boarded planes versus 509,000 in April 2012. For more details, click here.