Moody's affirms Baa2 stable rating for Airport

by Mindy Aguon

Guam - The rating outlook for the Guam International Airport Authority is stable. Moody's Investors Service affirmed its Baa2 rating of the airport's revenues bond this week. According to a report in Aviation News, Moody's cited various credit strengths including the potential for greater stability in enplanements with an increased U.S. military presence in Guam.

Credit challenges were noted to include volatile enplanement demand drivers, including Japanese discretionary spending, exchange rates and extreme weather events.