NEW YORK - Moody's Investors Service said it has assigned an A3 rating to the Tulsa, Okla., Airport Improvement Trust's (TAIT) $125.6 million Series 2009 A,B,C&D airport revenue and revenue refunding bonds, and revised the outlook for TAIT to stable from negative due to the resolution of litigation that was previously pending regarding the bankruptcy of Great Plains Airlines.
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At this time, Moody's is also affirming the A3 underlying rating on the trust's outstanding airport revenue bonds in the amount of $114.5 million. TAIT owns and operates both Tulsa International Airport and the R.L. Jones, Jr. Airport, a general aviation airport.
