CEO Message Overview Environment Social Governance Index
Debt Service Coverage Ratio
The Airports Authority ' s prudent financial management , particularly in handling debt service obligations , has been instrumental in upholding its financial resilience . In fiscal year 2023 , the Airports Authority ' s debt service coverage ratio stood at 2.77x , surpassing the mandated minimum bond indenture requirement of 1.25x . This achievement underscores our commitment to maintaining robust financial health and stability .
Credit Ratings
Ensuring robust creditworthiness is paramount to the Airports Authority ' s financial standing , organizational credibility and pursuit of optimal capital costs . To uphold this standard , the Airports Authority maintains close ties and credit assessments with leading agencies such as Fitch Ratings , Moody ' s Ratings and S & P Global Ratings . As of December 31 , 2023 , the Airports Authority ' s credit ratings were as follows :
Airport System Revenue Bonds
Fitch Moody ’ s S & P Global AA- ( Stable ) Aa3 ( Stable ) AA- ( Stable )
Dulles Toll Road Revenue Bonds
Moody ’ s S & P Global
First Senior Lien |
“ A2 ” ( Stable ) |
“ A ” ( Stable ) |
Second Senior Lien |
“ Baa1 ”/” A1 ” |
“ A- ”/” AA ” ( Insured ) ( Stable ) |
|
( AGMC Insured )/( Stable )
" Baa1 "/" A2 " ( AGC Insured ) ( Stable )
|
|
Subordinate Lien |
“ Baa2 ”/ A1 ( Insured )( Stable ) “ A- ”/ AA ( Insured ) ( Stable ) |
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