Fitch has affirmed the A plus rating on Cincinnati/Northern Kentucky International's $46.5 million of series 2016 revenue bonds.
Among several factors, the rating reflects the airport's transition to a predominantly origination/destination (O&D) traffic base, the increased presence of low-cost carriers, and diversified cargo services, Fitch said.
Separately, Fitch affirmed the double A minus rating on the Minneapolis-St. Paul Metropolitan Airport Commission's (MAC) $723 million senior revenue bonds and the A plus rating on MAC's $735 million subordinated revenue bonds. The rating outlook on all bonds is stable.
Among other factors, the ratings reflect Minneapolis St.-Paul International's strong air service area, which provides for a stable and increasing enplanement base driven by O&D traffic, Fitch said.