S&P Global Ratings confirms Ontario International Airport Authority ‘A’ rating

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