Moody’s Investors Service last week upgraded Ohio’s Columbus Regional Airport Authority to A1 from A2 based on its stable financial and operating performance, among other factors.
The agency has $87 million of outstanding debt. It operates three airports, including Port Columbus International.
The authority enjoys a diverse set of carriers, led by Southwest Airlines, strong airline agreements and strong financial management, analysts said.
“The stable outlook is based on Moody’s expectation that management will continue to produce strong operating and financial performance, that enplanements will continue to generate revenues at or near current levels, and that the Authority will maintain its competitive position within the region,” analysts said.