Moody’s improves IAA’s credit outlook
Moody’s Investors Service has affirmed the A1 credit rating of the Indianapolis Airport Authority and raised its outlook to stable from negative based on the IAA’s strong financial and market position, cargo operations, and diverse carrier mix. An investment-grade credit rating at the A1 level is above average in the airport industry, as soft travel demand, airline mergers and weak economic data have led to downgrades of several airport systems throughout the country over the past 18 months.
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