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Airport Magazine

Armstrong New Orleans Airport Bond Rating Affirmed

top story photo Fitch has affirmed the A minus ratings on Armstrong New Orleans International's $1.01 billion outstanding parity general airport revenue bonds and $53.6 million of outstanding revenue bonds, series 2010A and 2010B. The rating outlook is stable.

The rating reflects the airport's dominant position and limited competition within the diversifying and stable New Orleans area and state of Louisiana, Fitch said. The rating further reflects the airport's full airline cost recovery structure and steady progress on a new terminal.

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