KBRA Releases Report for Salt Lake City, UT Airport Revenue Bonds
October 1, 2018
NEW YORK–(BUSINESS WIRE)–On September 27, 2018, Kroll Bond Rating Agency (KBRA) assigned a
long-term rating of AA- with a Stable Outlook on the Salt Lake City, UT
Airport Revenue Bonds, Series 2018A and Series 2018B. At the same time,
KBRA affirmed the long-term rating of AA- with a Stable Outlook on the
Airport Revenue Bonds, Series 2017A and Series 2017B.
| Ratings | ||||||||||||
| Issuer: | Salt Lake City, Utah | |||||||||||
| Series/Bond | Rating | Outlook | Action | |||||||||
| Airport Revenue Bonds, Series 2018A (AMT) | AA- | Stable | Assigned | |||||||||
| Airport Revenue Bonds, Series 2018B (Non-AMT) | AA- | Stable | Assigned | |||||||||
| Airport Revenue Bonds | AA- | Stable | Affirmed | |||||||||
The rating is based on KBRA’s U.S.
General Airport Revenue Bond Rating Methodology. In the process
of surveilling the rating, KBRA reviewed multiple sources of information
and met with the City’s Department of Airports management team.
To view the report, please click here.
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About KBRA and KBRA Europe
KBRA is a full service credit rating agency registered with the U.S.
Securities and Exchange Commission as an NRSRO. In addition, KBRA is
designated as a designated rating organization by the Ontario Securities
Commission for issuers of asset-backed securities to file a short form
prospectus or shelf prospectus, is recognized by the National
Association of Insurance Commissioners as a Credit Rating Provider, and
is a certified Credit Rating Agency (CRA) by the European Securities and
Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is
registered with ESMA as a CRA.
Contacts
Analytical:
KBRA
Andrew
Clarke, 646-731-2380
Managing Director
aclarke@kbra.com
or
Patricia
McGuigan, 646-731-3350
Director
pmcguigan@kbra.com