The Charleston County Airport District’s outstanding revenue bonds were upgraded last week to A1 from A2 by Moody’s Investors Service despite a negative outlook on the airport sector, which the agency expects to maintain through early 2010. The airport has $13.3 million of rated debt outstanding.

The upgrade demonstrates the district’s financial position, “which has been maintained and strengthened even through the national recession,” Moody’s analysts s reported. The upgrade also reflects continued stability of operations and expenditures with the re-signing of a joint-use agreement giving the district use of the U.S. Air Force-owned airfield at Charleston International Airport through 2058.

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