Moody's rates Clark County, Nev., airport bonds Aa3

Moody's Investors Service said it assigned an Aa3 rating to $121.622 million in passenger facility charges (PFC) revenue bonds issued by Clark County Airport Enterprise, Nev., 2008 series A (subordinate lien). The outlook is stable.

The bonds were to be sold June 1.

The bonds are being issued as fixed-rate bonds to refund $119.2 million outstanding 1998 series A PFC revenue bonds for estimated net present value savings of 4.73%.

© 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.