DFW Airport Receives AA- Bond Rating from Kroll
DFW Becomes First Airport to Receive Bond Rating from Kroll Bond Rating Agency
Dallas/Fort Worth (DFW) International Airport, the world’s third busiest airport, announced today that the Kroll Bond Rating Agency (KBRA) has assigned it an AA- rating with a stable outlook. The rating reflects Kroll’s view of the strength of DFW’s financial outlook.
The Kroll rating will be applied to the Airport’s Series 2014C bond issue. The rating also applies to all other DFW Airport outstanding bonds.
DFW Airport is the first airport to receive a bond rating from KBRA. Based upon the rating criteria released in April, DFW Airport believes Kroll brings a new rating perspective to the airport sector.
“DFW Airport has reviewed Kroll Bond Rating Agency reports for other sectors and finds them to be comprehensive and thorough, and we believe these ratings reports add value,” said Christopher Poinsatte, Chief Financial Officer at DFW Airport.
In addition to the Kroll rating, DFW is rated A+ by Standard & Poor’s and A by Fitch.
DFW Airport revenue bonds are issued jointly by the Owner Cities of Dallas and Fort Worth by Concurrent Bond Ordinances approved by the City Councils of the Owner Cities, and DFW Airport bonds are secured solely by certain revenues of the Airport.
(re)defining DFW International Airport
DFW International Airport’s $2.3 billion Terminal Renewal and Improvement Program (TRIP) is (re)defining first class for this global gateway. For the latest details regarding TRIP, log on to www.dfwairport.com/redefine.