Manchester-Boston Regional Airport recently completed its annual rating agency review and is pleased to announce that both Moody’s Investors Service and Standard and Poor’s Ratings Services have affirmed the airport’s credit rating with a stable outlook. Among the key points noted in the agencies findings were:
- Management’s actions to adjust midyear for actual revenue by cutting expenses
- Strong liquidity and cash on hand
- A manageable $49 million five-year capital improvement program (CIP) with no additional debt planned
- Stable service area which...