Phoenix Sky Harbor International Airport Once Again Receives High Bond Ratings

Published on : Monday, November 6, 2017

City Of PhoenixMoody’s Investors Service assigned an Aa3 rating to Phoenix Sky Harbor International Airport’s senior lien bonds and affirmed the Airport’s outstanding senior (Aa3) and junior (A1) liens. Standard and Poor’s Ratings Services (S&P) also assigned its ‘AA-’ rating on the Airport’s senior lien, affirmed its ‘AA-’ rating on outstanding senior lien bonds, and affirmed its ‘A+’ rating on the Airport’s junior lien bonds.


Both Moody’s Investors Service and S&P noted that Phoenix Sky Harbor’s outlook is stable.Many factors contributed to Phoenix Sky Harbor International Airport achieving its high bond ratings, including: A strong market position in a competitive airline environment; the Airport’s low cost structure; increased origin and destination traffic; a demonstrated, successful track record of completing large scale capital projects on-time and budget; an experienced and effective leadership team; and the growth of the local economy.



A high bond rating means the airport pays lower interest rates when it borrows funds for airport improvements and modernization projects. Phoenix Sky Harbor is currently in the midst of several important projects to improve its facilities and provide travelers with a more efficient travel experience.



The Airport is currently completing the second of three phases in its modernization of Terminal 3. Sky Harbor is also well into the second phase of a retail renovation of its busiest terminal, Terminal 4. Sky Harbor’s first medical clinic and shops such as Brookstone, TUMI, and TripAdvisor are opening soon in Terminal 4. Improvements are also being made to the international arrivals area in Terminal 4, which will result in a faster and more efficient experience for customers.



Future projects include the extension of the PHX Sky Train® 2.5 miles to the Rental Car Center as well as the addition of an eighth concourse to Terminal 4, which will be occupied by Southwest Airlines.



No tax dollars are used to support Phoenix Sky Harbor. The airport is funded with the revenue that it generates.



Source:- PHOENIX

Tags: , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 02 AIME 2019
  • 03 AIME 2018
  • 05 ameistanbul 2019
  • 06 aviation-festival-asia 2019
  • 07 thehotelshowsaudiarabia 2019
  • 08 JTTX9 19
  • 09 Conventa 2019
  • 10 Asia Pacific 2019
  • 10 Hotel Management Thailand 2019
  • 10 OTM 2019
  • 10 Routes Americas 2019
  • 11 Bar and Restaurant Investment 19
  • 11 Digital Travel 2019
  • 13 ATRTCM 2019
  • 13 Food Hospitality2019
  • 16 EMITT 2019
  • 16 IITM 2019
  • 17 AITF 18
  • 18 UITT 2019


    1. Saudi Arabia Hotel Investment Conference

      January 22 - January 23
    2. OTM Mumbai

      January 23 - January 25

      January 23 - January 24
    4. FITUR 2019

      January 23 - January 27

      January 24 - January 27
Get our toolbar!
Review on