Los Angeles International Airport kept double-A ratings on its senior-lien revenue bonds from all three major credit agencies ahead of a $950 million bond sale that will more than quintuple its debt at a time when the airline industry is in a steep descent.

Both Standard & Poor’s and Fitch Ratings rated LAX’s senior debt AA  and the subordinate-lien debt AA-minus. Moody’s Investors Service rated the senior debt Aa3 and the subordinate bonds A1. All three agencies assigned a stable outlook.

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