S&P Global Ratings has reaffirmed its long-term rating of 'A' for Ontario International Airport Authority (OIAA) revenue bonds outstanding given the airport's ""robust enplanement recovery that now exceeds pre-pandemic levels and will support financial metrics consistent with a strong financial risk profile"".
S&P Global said three key credit strengths contributed to the 'A' rating, citing ""robust air travel demand supported by favourable service area economic fundamentals, alongside strong management and governance and a strong liquidity position.
The ratings agency further said its outlook for the OIAA is ""stable"".
""We are proud of the S&P rating as Ontario International Airport continues to gain appeal among airlines and air travellers and our financial position remains strong and stable,"" said Celeste Heinonen, OIAA chief financial officer.
""Ours is the 12th largest metropolitan area in the United States and top job producing area in California, passenger volumes are at record levels and our aviation partners continue to show confidence in our facilities and services. I can say with great confidence that our airport, operations and people are a good bet.""
S&P Global Ratings confirms Ontario International Airport Authority ‘A’ rating
