Fitch lowered $4.7 billion in older DFW bonds to "A'' from "A+" and gave "A'' ratings to $736 million in new bonds issued by Dallas and Fort Worth on behalf of their airport. Fitch gave the outlook for all the bonds as "stable."
"The rating downgrade reflects the sizable increase in airport borrowings to fund DFW's terminal renewal and improvement" projects, Fitch said, adding that two programs will cost more than $4 billion and boost the airport's debt to more than $6.5 billion.
The airport did not immediately respond to a request for comment.
Monday, April 08, 2013
Fitch downgrades DFW Airport for large debt load | News OK
Fitch downgrades DFW Airport for large debt load | News OK
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