S&P lifts Las Vegas McCarran Airport bonds

Standard & Poor's said it raised its long-term rating to AAA from A+ and assigned its A+ underlying rating to Clark County, Nev.'s airport system subordinate-lien revenue bonds, series 2008A and 2008B, issued on behalf of the Las Vegas McCarran International Airport.

The long-term ratings are based on a bond insurance policy with FSA (AAA). The AAA rated bonds also have a short-term A-1+ rating based on standby bond purchase agreements from Dexia Credit Local (A-1+) and Banco Bilbao Vizcaya Argentaria, SA (A-1+).

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.