Airports

KBRA affirms BBB- ratings for JFK New Terminal One's $6.33bn financing package

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KBRA affirms BBB- ratings for JFK New Terminal One's $6.33bn financing package

KBRA has affirmed its BBB- rating for JFK's New Terminal One (NTO) $4.55bn special facilities revenue bonds and $1.78bn term loan related to the ongoing development of the new terminal at the airport. A portion of the series 2024 bonds, around $800 million, benefit from a financial guaranty policy ...

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