Fitch Ratings assigns rating for Albany County Airport Authority's airport revenue...
AIRLINE INDUSTRY INFORMATION-(C)1997-2007 M2 COMMUNICATIONS LTD
Fitch Ratings has assigned an 'A-' underlying rating with a Stable Outlook to the Albany County Airport Authority, New York's airport revenue refunding bonds series 2007A (AMT) and taxable series 2007B bonds.
Bond proceeds will be used to refund a portion of the authority's outstanding debt and pay the required amount to terminate the 2005 Swaption Agreement. The series 2007 will be issued on parity with the airport's outstanding airport revenue bonds, which are also affirmed at 'A-' rating with a Stable Outlook.
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