Ricks Blog
Pensacola Airport Bonds crashing, rating negative
Standard & Poor’s Ratings Services has revised the outlook on Pensacola International Airport revenue bonds to negative from stable.
S&P said the outlook revision “reflects our assessment of below-average liquidity and debt service coverage, a high debt burden, and fluctuating enplanement trends due to increased competition by nearby Northwest Florida Beaches International Airport.”
Upside of Florida is fast becoming downside.
Pensacola Airport Bonds crashing, rating negative
Standard & Poor’s Ratings Services has revised the outlook on Pensacola International Airport revenue bonds to negative from stable.
S&P said the outlook revision “reflects our assessment of below-average liquidity and debt service coverage, a high debt burden, and fluctuating enplanement trends due to increased competition by nearby Northwest Florida Beaches International Airport.”
Upside of Florida is fast becoming downside.