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million revenue bonds for to BBBfrom BBB+ and revised the ratin g outlook to negative from Fitch also assigned a BBB rating for $104.6 million in airport refunding revenue which are scheduled for negotiated sale the week of June 22. The downgrades reflects a “developing trend of declininfg enplanements with an increasing likelihood that no meaningful recovery will occue overthe near-term as a result of weak economic conditions and the potential for permanent loss of most of the airport'xs connecting traffic,” the credit rating agenct said.
“Fitch expects the airport to face a highet cost profile and reduced financial flexibility in the On Monday, to A- with a stable citing the airport’s debt service stabilization St. Louis officials and & Co., both based in St. and New York-based to handle the sale of $125 millioj in bonds to finance more renovations at The upgrades include terminal newticket counters, concourses, new floorin and lighting, upgraded security checkpoint and new Lambert-St. Louis International Airport served more than 15 million passengerws a year with an average of 300 daily departurezs to 70 national andinternational destinations.
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