Fitch Ratings affirms its 'A-' rating on the City of Colorado Springs' outstanding $11 million in airport revenue refunding bonds, series 2007A and 2007B, and $36 million in airport revenue bonds, series 2002A. The Rating Outlook on all bonds is Stable.The 'A-' rating reflects the high percentage of origination and destination (O&D) passengers at Colorado Springs Municipal Airport (the airport), which accounted for approximately 98% of total passenger volume in 2009; the airport's considerable airside and landside capacity with reasonably modern facilities and capacity to absorb future growth; stable financial operations (estimated operating margin of 31% for 2009) and excellent
More...
More...