Moody’s Investors Service announced Wednesday that it has changed its outlook for the airport sector to stable from negative, where it had been since August 2008.

“The projected modest economic growth in the US and global economies should support enplanement and subsequent revenue increases, although the modest growth also exposes the airlines to downside risks,” said Moody’s analyst Earl Heffintrayer, the lead author of the report. “Better than expected operating results in 2011 and 2012, however, provide some cushion for minor weakening in airport enplanements, should they occur.”

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