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Moody's Affirms Nashville Airport Authority's A2 Rating; Changes Outlook to Positive
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Source: Metropolitan Nashville Airport Authority
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04/08/2012
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Moody’s Investors Services took ratings action that affirmed the Metropolitan Nashville Airport Authority’s (MNAA) A2 rating for its Airport Improvement Revenue Bonds and changed the outlook from stable to positive. Moody’s also upgraded the Consolidated Rental Car Facility (CONRAC) bond rating from Baa1 to A3. The MNAA owns and operates Nashville International Airport (BNA) and the general aviation John C. Tune Airport. BNA is the fourth fastest growing among the top 75 airports in North America.
“This affirmation of the Authority’s bond rating and change in outlook from stable to positive underscores continued passenger growth and responsible fiscal management,” said Rob Wigington, president and CEO of the MNAA. “The Authority is dedicated to continuing to provide our community and region with enhanced air service offerings to improve the quality of life and economic vitality of this area.”
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