DALLAS – An FBI fraud investigation of the Grand Junction Regional Airport Authority in western Colorado could have a long-term impact on the airport’s credit, according to Moody’s Investors Service.

“The authority has not been informed of the exact nature of the investigation, which makes any credit impact unclear at this time,” Moody’s analysts Earl Heffintrayer?and Kurt Krummenacker wrote in a rating update Monday. “Moody's does note that the involvement of the FBI is rare, as most allegations of airport non-compliance with Federal statutes are investigated by the FAA.”

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