S&P affirms airport bond ratings

Standard & Poor’s Ratings Services has affirmed its 'A' long-term rating to the Metropolitan Nashville Airport Authority's (MNAA) outstanding airport improvement revenue bonds.

In addition, the bond-rating entity has affirmed an ‘A-minus’ long-term rating on the MNAA’s series 2010 special facility revenue bonds issued for Nashville International Airport’s (BNA) consolidated rental car facility project. Standard & Poor's also affirmed its ‘AAA/A-1’ rating on the series 2008A bonds.

The outlook on all ratings is stable.

"This reaffirmation of the Authority's bond ratings and stable outlook underscores our strong and growing Nashville market, our commitment to conservative fiscal management and low operating costs, and air service expansion," Rob Wigington (pictured), MNAA president and CEO, said in a release. “The Authority is dedicated to continuing to provide Nashville and the Middle Tennessee region with enhanced air service offerings to improve the quality of life and economic vitality of this area.”

The MNAA owns and operates BNA and John C. Tune Airport. BNA is the fourth fastest growing among the top 75 airports in North America.