Fitch affirms RIAC’s BBB+ bond rating and holds positive outlook

FITCH RATINGS has affirmed a BBB+ rating for the R.I. Airport Corp.'s outstanding revenue bonds and maintained a positive outlook on those bonds despite a decline in T.F. Green Airport enplanements in fiscal 2019. / COURTESY R.I. AIRPORT CORP.
FITCH RATINGS has affirmed a BBB+ rating for the R.I. Airport Corp.'s outstanding revenue bonds and maintained a positive outlook on those bonds despite a decline in T.F. Green Airport enplanements in fiscal 2019. / COURTESY R.I. AIRPORT CORP.
WARWICK – Fitch Ratings has affirmed the R.I. Airport Corp.’s BBB+ rating on $97 million outstanding revenue bonds as of June 30, the ratings agency reported this week. Fitch also maintained a positive outlook for RIAC’s bond rating, citing an expanding enplanement base over recent years, growing cash flow and declining leverage. The report noted…

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