Traffic at the airport carrying the code FAT has thinned, leading Fitch Ratings Monday to move its outlook on Fresno airport revenue bonds from stable to negative. The BBB-plus rating on about $60 million of outstanding bonds was affirmed.

“The negative outlook reflects growing concerns that recent weakness in economic activity in the air trade service area coupled with developing, although not severe, downward trends in passenger traffic may result in a higher than previously anticipated airline cost profile and weaker financial flexibility,” according to a Fitch news release.

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