Lambert’s Bonds Upgraded By Fitch Ratings

Photo courtesy of St. Louis Business Journal
Photo courtesy of St. Louis Business Journal

Lambert-St. Louis International Airport’s bonds got an upgrade today from Fitch Ratings, which raised its rating 0f the bonds one notch, from BBB — the bonds’ rating since 2009 — to BBB-plus.

The ratings apply to the $740.2 million of airport revenue bonds that have been issued by the city of St. Louis. Fitch said the upgrade reflects the stabilization of traffic trends in the face of carrier losses and a bad economy. Fitch also praised airport management’s handling of capital expenditures and operating expenses.

Read more from the St. Louis Post-Dispatch

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