Airport revenue bonds

The Texas city, which is considering an $800 million general obligation bond election next year, expects to issue nearly $400 million of debt in 2025.

KBRA raised the airport's outlook to positive last week, citing its improving financial profile and very strong traffic.

With questions and analysis still swirling around a deadly crash at Ronald Reagan Washington National Airport, concerns arise about enplanement levels, traffic patterns, and credit ratings affecting the region's major airports.

Large bond sales are expected this year for airports undergoing major expansion projects in Denver, Dallas, Houston, and Austin amid rising passenger traffic.

Prolific debt issuance by Texas school districts, state issuers, and others drove muni volume to a state record in 2024, easily surpassing 2023's $59 billion.

The ratings agency cited strong and growing activity and favorable economic trends in the region.

The use of extendable commercial paper, a first by an airport, provided DFW interim financing for its capital program without the need for bank liquidity.

The Fitch Ratings commentary considered ratings of airports in Florida, Nevada and South Carolina, which are most dependent on the airline for passenger traffic.

The deal, which marks the city's largest special facilities revenue bond issuance, will help finance a terminal project at George Bush Intercontinental Airport.

The agencies cited the authority's strong performance and position.

The $4.5 billion of New York Transportation Development Corp. bonds sold for the P3 won the Northeast category of The Bond Buyer's 2024 Deal of the Year awards.

The infrastructure grants are bolstered by bond financing.

The Texas city expects to finance 72% of the expansion program, which includes an arrivals and departures hall, with general airport revenue bonds.

The commission also made changes to planned Louisiana State gas and fuel tax bonds of up to $1 billion

The airport's first new money foray into the muni market in nearly 12 years will begin to fund a $1.3 billion transformation plan.

The triple-tax-exempt bonds should be in demand, especially the non-AMT series, analysts said.

LINXS, the private developer consortium, and Los Angeles World Airports struck an agreement on a timeline for completion of the people mover project, pushing Fitch Ratings' outlook higher.

Chicago will bring to market $1 billion of bonds for O'Hare International Airport, part one of a three-phase financing plan for 2024.

Dallas Fort Worth International Airport received a S&P rating upgrade and a positive rating outlook from Moody's ahead of a $750 million bond sale next week.

The Federal Aviation Administration's fourth round of funding through the Airport Improvement Program covers 320 grants in 46 states.