Fitch Ratings Issues Positive Outlook for STL Airport Revenue Bonds

 

“This latest rating from Fitch affirms the strong financial position and operations at St. Louis Lambert International Airport,” said Comptroller Darlene Green, City of St. Louis. “I commend the airport management team for its ongoing strategy and success at reducing costs and increasing air service.”

The Fitch rating cited numerous improvements in STL’s operational forecast for its upgrade including stronger underlying passenger demand, a favorable airline use and lease agreement, modest capital needs, and a conservative debt structure that includes a maximum annual debt service of $68 million in 2018, with a declining amortization schedule to follow.

 

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2019-2020
Final Passage
BB 13 Airport Revenue Bonds stlouis-mo.gov
BB 29 Consent to Change in Ownership and Control Structure stlouis-mo.gov
BB 3 Davis stlouis-mo.gov
First Reading
BB 19 Airport Privatization Vote stlouis-mo.gov
2018-2019
First Reading
BB 93 An Ordinance requiring a City-wide vote to approve any proposal aimed at or having the effect of privatizing the Lambert St. Louis International Airport (the Airport) stlouis-mo.gov
Res 220

Transportation and Commerce Committee to Provide legislative oversight of City Exploration of the Federal Aviation Administration Airport

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