ORLANDO, Fla.— The Kroll Bond Rating Agency (KBRA) has reaffirmed its assessment of a series of bonds issued by the Greater Orlando Aviation Authority. KBRA maintained its AA rating and Stable outlook on a series of General Airport Revenue Bonds (GARB). The favorable evaluation is the result of Orlando International Airport (MCO) continuing to trend upward on its performance arc.
According to KBRA, the AA rating was influenced by:
Another positive factor noted by KBRA was the Authority’s rates agreement with its airline partners, which affords considerable flexibility in undertaking capital projects without the requirement of airline approval.
The Stable Outlook reflects:
The Orlando-Kissimmee-Sanford market is a leading global venue for tourism. With seven of the ten most visited theme parks in the world, the region hosted 74 million visitors in 2022, a decline of only 2.6% versus the pre-pandemic record set in 2019. In recent years, the region has also become a center for life sciences, health care, aerospace and defense, advanced manufacturing, and innovative technologies.
2022 Charlotte Douglas International Airport Report of Achievement
Giving back to the community is central to what Charlotte Douglas International Airport and its operator, the City of Charlotte Aviation Department, is about, and last year was no different.
Throughout 2022, while recovering from the COVID-19 pandemic, we continued our efforts to have a positive impact on the Charlotte community. Of particular note, we spent the year sharing stories of how Connections Don't Just Happen at the Terminal - from creating homeownership and employment opportunities to supporting economic growth through small-business development and offering outreach programs to help residents understand the Airport better.
This whitepaper highlights the construction projects, initiatives, programs and events that validate Charlotte Douglas as a premier airport.
Download the whitepaper: 2022 Charlotte Douglas International Airport Report of Achievement.