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Kroll Bond Rating Agency Publishes U.S. General Airport Revenue Bond Rating MethodologyNEW YORK --(Business Wire)-- Kroll Bond Rating Agency's (KBRA) rating methodology for U.S. General Airport Revenue Bonds describes the major factors that KBRA considers when rating U.S. airport credits. Airports are among the most complex credits in the municipal finance sector, as many elements must be considered. The methodology provides a framework for assessing the credit quality of airports that encompass a wide diversity in size, operating environment, and revenue and cost structures. It also identifies the key rating determinants used in the KBRA rating assessment and discusses how these determinants are applied in making a rating determination. The rating is based on an assessment of the airport or airport system's general airport revenue bond (GARB) overall credit strength and reflects the ability to make timely and in-full debt service payments. KBRA's rating of airport credit combines both qualitative and quantitative factors and will be based on the analysis of six rating determinants that encompass the important aspects of an airport, including management, service area, airport utilization, airport debt, airport finances, and security provisions. KBRA believes that airport sector credit analysis warrants a fresh perspective. Our U.S. Airport Revenue Bond Methodology lays out in detail the factors that KBRA will consider in assigning ratings to credits in this sector. The methodology provides the foundation for the comprehensive analysis found in our reports. Please use the following link to view the methodology: https://www.krollbondratings.com/show_report/1174 About Kroll Bond Rating Agency KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP). |
