Moody's Lowers Miami Airport Rating, Blaming High Costs

Nearly $1 billion in cost overruns in Miami Airport's capital improvement program (CIP) has led Moody's Investors Service to downgrade bonds issued by Miami-Dade County from A1 to A2. Moody's expects that airline costs at the airport will rise significantly enough to potentially erode Miami's future...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.