Fitch gives A+ to Las Vegas-McCarren Airport, Nev., bonds

Fitch Ratings said it assigned an A+ rating to $1.16 billion of Clark County, Nev.'s Las Vegas-McCarren International Airport bonds.

The bonds include $1.01 billion of airport system subordinate lien revenue bonds, consisting of $150 million of series 2008A (AMT) (weekly VRDO), $150 million of series 2008B (AMT) (weekly VRDO), $266 million of series 2008C (AMT) (weekly VRDO), $380 million of series 2008D (non-AMT) (weekly VRDO) and $63 million of series 2008E.

The remaining $146 million of affected bonds are passenger facility charge refunding revenue bonds series 2008A.

Fitch also said it affirmed the AA- rating on $245.5 million of airport system senior lien revenue bonds; the A+ rating on $1.4 billion of airport system subordinate lien revenue bonds and $776.4 million of PFC/airport system subordinate lien revenue bonds; and the A rating on $182.7 million of 2003C jet aviation fuel tax/airport system junior lien revenue bonds.

The outlook is stable.

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