St. Louis this week released an addendum to the preliminary offering statement on an upcoming $230 million revenue bond sale for Lambert-St. Louis International Airport that includes an updated financial feasibility study following American Airlines’ announcement that it plans to cut 18 daily flights.

Fitch Ratings released a report on Friday announcing that it would monitor the effect of the cuts on passenger levels. Analysts noted, however, that the potential for additional traffic losses was factored into its negative outlook assigned to the credit in its review of the deal released earlier this month. Fitch downgraded the Lambert credit to BBB at the time and assigned a negative outlook.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.