MEMPHIS, Tenn. (March 14, 2025) – Memphis-Shelby County Airport Authority (MSCAA) has received updates from financial rating agencies Moody’s Investor’s Service, Kroll Bond Rating Agency (KBRA), and Fitch Ratings.
Moody’s assigned an “A2” rating to MSCAA’s forthcoming bonds and Airport Revenue Refunding Bonds. Fitch Ratings assigned an “A” rating to the forthcoming bonds while affirming the “A” rating on the outstanding bonds.
KBRA assigned an “A+” rating to both the forthcoming bonds and Airport Revenue Refunding Bonds, while affirming the same rating on outstanding bonds. All three agencies issued a “Stable” outlook for MSCAA.
All the agencies cited factors that contributed to the ratings, including Memphis International Airport’s strong post-pandemic enplanement growth, solid financial performance and the large cargo presence at the Airport which is supportive of airfield operations and diversifies the Airport’s operating revenues.
“This recognition is a testament to the dedication of our industry partners and the hard work of the entire MEM team. Their commitment to operational excellence, financial stewardship, and optimal service continues to position MEM as an airport of choice,” said Terry Blue, MSCAA President and CEO.
Rating agency reports for MSCAA: