Fitch Ratings has downgraded the Jackson Municipal Airport Authority’s airport revenue bonds of approximately $39.4 million to “BBB+” from “A-.” The rating outlook remains “stable. “ The downgrade reflects concerns related to the pending loss of the airport’s second largest carrier, Southwest Airlines, and its serviced destinations at an already destination-limited airport. In December 2013, Southwest Airlines announced it was discontinuing all service to and from the Jackson-Evers International Airport (airport) by June 7, 2014. The service cut will likely lead to measurable and potentially permanent declines in the airport’s small enplanement base. While the airport historically maintained strong financial metrics,

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