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Standard and Poors') Global Ratings released a report, which revised its credit outlook of St. Louis Lambert International Airport (STL) from stable to positive. The credit rating firm also affirmed the airport's long-term rating of 'A-'. S&P Global states in its summary, "The outlook revision reflects STL's recent positive P trends, with April 2022 monthly enplanement at 84 percent of April 2019 levels." S&enplanements goes on to say, "We could raise the rating within the next two years if we believe the current passenger recovery trend and traffic levels are sustainable."

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The credit ratings firm highlighted what they consider the airport's strengths. They include:
  • The role as the dominant airport in the region
  • A significant liquidity position
  • A relatively large and economically healthy service area
  • Very strong management and governance

"I am proud that S&P at their highest level since 2003 (7.9 million in FY2019)." STL, as of June of this year, had approximately $529.1 million of debt outstanding. This debt is fixed-rate, with no variable-rate debt, swaps, or direct-purchase debt outstanding.

Filed Under: Government, City

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