DALLAS – Moody’s Investors Service downgraded Tulsa International Airport’s revenue bonds to Baa1 from A3, citing five straight years of declining enplanements.

The Nov. 20 downgrade comes ahead of a $36 million issue of revenue and refunding bonds by the Tulsa Airports Improvement Trust and affects $146 million of parity debt. The trust also operates R.L. Jones, Jr. Airport, a general aviation airport.

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