This chapter describes the technique to analyze airport revenue bonds. Airport revenue bonds have generally been regarded as one of the more stable and secure revenue bond types, due to the essential role that most major airports play in the nation's air transportation system. Airport managers responded with a variety of approaches that have increased their flexibility in meeting new challenges. The stability provided by their strong competitive positions and the ability, in many cases, to allocate higher costs among their airline tenants, allowed most airports to meet all of their financial requirements. Ratings, for the most part, were not negatively affected by all the turmoil faced by airports during this period. Given the strong credit fundamentals of the sector and the increasing control over airport operations, airport revenue bonds are expected to continue to be stable investments in the future.
How to Analyze Airport Revenue Bonds
The Handbook of Municipal Bonds ; 813-819
2012-01-02
7 pages
Aufsatz/Kapitel (Buch)
Elektronische Ressource
Englisch
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