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Article: Fitch Affirms Clark County, NV's Las Vegas-McCarran Int'l Airport Revs.
- Article from:
- Business Wire
- Article date:
- November 3, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO -- Fitch Ratings affirms Clark County, Nevada's outstanding debt as follows:
--$269 million airport system senior lien revenue bonds at 'AA-';
--$1.1 billion airport system subordinate lien revenue bonds at 'A+';
--$516 million passenger facility charge/airport system subordinate lien revenue bonds at 'A+';
--$104 million 2003C jet aviation fuel tax/airport system third lien revenue bonds at 'A'.
The Rating Outlook is Stable on all liens.
Clark County Department of Aviation's (the department) management intends to enter into $1 billion of forward synthetic fixed-rate swaps as part of their 2008-2010 ...