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Tag: financials

Financial agencies issue updates to Memphis-Shelby County Airport Authority ratings

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 and Fitch Ratings

Financial agencies issue updates to Memphis-Shelby County Airport Authority ratings

Includes “Stable” outlook from Moody’s Investor Service and KBRA MEMPHIS, Tenn. (September 1, 2020) – 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” to rating to MSCAA’s forthcoming bonds and affirmed its “A2” rating on outstanding…
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Fitch Ratings

Fitch affirms ‘A’ rating for Airport Authority; Rating outlook remains stable

MEMPHIS, Tenn. (October 11, 2019) – Fitch Ratings has affirmed the Memphis-Shelby County Airport Authority’s (MSCAA’s) ‘A’ rating on the authority’s outstanding $355 million general airport revenue bonds (GARBs). The Airport Authority’s outlook remained stable. Fitch cited a number of factors that contributed to the rating, including Memphis International Airport’s nearly 100 percent origin and…
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Moody's logo

Moody’s Investors Service upgrades Airport Authority’s rating to “A2,” modifies outlook to “Stable”

MEMPHIS, Tenn. (August 27, 2019) – Moody’s Investors Service has upgraded Memphis-Shelby County Airport Authority’s (MSCAA’s) general airport revenue bonds to “A2” and has modified MSCAA’s rating outlook from “positive” to “stable.” In its report, Moody’s cited the “sustained track-record of positive enplanement growth at the Memphis International Airport since fiscal year 2016 that has…
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Moody's logo

Moody’s Investors Service affirms Airport Authority’s “A3” rating, upgrades outlook to “Positive”

MEMPHIS, Tenn. (June 4, 2018) – Moody’s Investors Service has affirmed Memphis-Shelby County Airport Authority’s (MSCAA’s) general airport revenue bonds at A3, and has upgraded MSCAA’s rating outlook from “stable” to “positive.” Moody’s cited the “sustained positive trajectory of enplanements at the Memphis International Airport since fiscal year 2016” as one of its primary factors…
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S&P Global Ratings logo

S&P Global Ratings Raises Airport Authority’s Rating to “A”; Rating outlook remains stable

MEMPHIS, Tenn. (May 22, 2018) – S&P Global Ratings has raised its long term and underlying rating for Memphis-Shelby County Airport Authority (MSCAA) from “A-” to “A.” The Airport Authority’s outlook is stable. S&P cited several strengths that contributed to the elevated rating, including Memphis International Airport’s (MEM’s) origin and destination passenger base, management and…
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Moon over terminal

Airport Authority board passes FY 2019 budget

MEMPHIS, Tenn. (May 18, 2018) – The Memphis-Shelby County Airport Authority (MSCAA) Board of Commissioners yesterday voted to approve the MSCAA budget for fiscal year 2019 (July 1, 2018 through June 30, 2019). This $117.9 million Operations and Maintenance (O&M) budget sets the fees and charges that the airlines pay to the Airport Authority and…
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Fitch Ratings logo

Fitch affirms ‘A’ rating for Airport Authority

Rating outlook remains stable MEMPHIS, Tenn. (September 25, 2017) – Fitch Ratings has affirmed the Memphis-Shelby County Airport Authority’s (MSCAA’s) ‘A’ rating on the authority’s outstanding $282 million general airport revenue bonds (GARBs). The Airport Authority’s outlook remained stable. Fitch cited a number of factors that contributed to the rating, including Memphis International Airport’s nearly…
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Runway 18 C

Airport Authority board passes FY 2018 budget

MEMPHIS, Tenn. (May 22, 2017) – The Memphis-Shelby County Airport Authority (MSCAA) Board of Commissioners today passed the budget for Memphis International Airport (MEM) for fiscal year 2018 (July 1, 2017 through June 30, 2018). This $120.4 million Operations and Maintenance (O&M) budget sets the fees and charges that the airlines pay to the Airport…
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