WASHINGTON — Airports will continue to remain at risk for credit downgrades until passenger enplanements reach consistent growth of 3%, far above the flat-to-negative trajectory Moody’s Investors Service expects, according to the rating agency’s newest outlook for the sector.

Moody’s has had the sector on negative outlook since 2008, and that’s not likely to change in the next 18 months. The agency expects that enplanement growth over the next year and a half could vary between a 1% increase and a 4% dip. The projections are roughly in line with those provided by the Federal Aviation Administration, which calls for relatively flat growth in the immediate future with long-term growth near 3% over the next two decades.

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