The Connecticut Airport Authority (CAA) is pleased to announce that credit rating agency S & P Global Ratings has raised Bradley International Airport’s rating on its general airport revenue bonds (GARBs).
S & P Global Ratings assigns a credit rating for the airport’s public debt obligations. The rating has been raised from “A” to “A+”, with a stable outlook, on the airport’s approximately $78.7 million outstanding series 2011A and 2011B airport revenue bonds.
“The S & P Global Rating underscores our efforts to remain competitive, resilient and financially savvy,” said Kevin A. Dillon, A.A.E., Executive Director of the CAA. “We are very pleased to have earned the improved rating, which signifies our return to pre-pandemic financial strength, despite the many, significant challenges faced due to the pandemic. This rating is a leading indicator of our overall excellent standing in the aviation industry, as we continue to recover and drive growth at Bradley International Airport.”
For more information about S & P Global Ratings, visit https://www.spglobal.com/ratings/