DALLAS — Citing three years of declining passenger counts, Moody’s Investors Service downgraded Albuquerque International Sunport’s senior debt to A1 from Aa3 and returned the outlook to stable from negative.

“The rating downgrade primarily reflects a long-term stagnation of enplanement growth, particularly three years of declines in enplanements which have followed the impact of the recession on the Sunport’s service area,” Moody’s analyst Michael O’Connor noted in the report issued last week.

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