Standard & Poor’s, the nation’s leading credit rating agency, affirmed Lambert-St. Louis International Airport’s BBB+ debt rating and upgraded the airport’s financial outlook from stable to positive. The action came last month after a routine review of Lambert’s financial performance.
The rating agency cited the airport’s good debt service coverage and general improvement in liquidity even with an anticipated decline in passenger traffic for this fiscal year. The agency went on to say that Lambert has done a good job of stabilizing its financial performance in the wake of American Airlines’ flight reductions in 2003 and believes the airport’s credit rating could receive another upgrade in the next 12 to 18 months.