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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