KBRA assigns new rating to Dallas Fort Worth Airport

Kroll Bond Rating Agency (KBRA) has assigned an AA rating with a stable outlook to Dallas Fort Worth International Airport’s joint revenue refunding bonds taxable series 2019A. KBRA upgraded the rating to AA from AA- on the outstanding joint revenue improvement bonds. The rating revision reflects continued strong management performance, a growing and diversifying service area, KBRA says. The agency also stated that it is enduring locational advantages for hubbing resulting in favorable utilisation, and a footprint that accommodates future capacity needs, and non-airline revenue generation.