Moody's reaffirms airport's rating

by Mindy Aguon

Guam - The Guam International Airport's general revenue bonds have been reaffirmed with a 'BAA2 with A Stable Outlook' rating. Moody's Investors Service reaffirmed the rating basing it on the airport's strengths as well as the potential for greater growth in enplanements with the military buildup and increased tourism opportunities from China and Russia. 

Airport executive manager Chuck Ada says GIAA is committed to aggressive non-airline revenue growth and cost management measures that will allow them to continue lowering overall costs of operations to their airline partners while keeping a very healthy debt service coverage.