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Airport Magazine

Fitch Affirms JFK IAT Bond Rating

top story photo Fitch has affirmed the triple B plus rating on the Port Authority of New York & New Jersey JFK International Air Terminal's $1.3 billion outstanding parity special project bonds series 6 and series 8. The rating outlook is stable.

The rating reflects the strong performance of the terminal following the completion of its Phase II expansion project in 2015, which added 11 regional jet gates and relocated domestic activity for Delta, among other factors, Fitch said.

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