S&P Global Ratings Revises STL Credit Rating to Positive

Airport’s management and governance sited as a key credit strength

June 16, 2022 | 2 min reading time

Standard and Poors') Global Ratings released a report, which revised its credit outlook of St. Louis Lambert International Airport (STL) from stable to positive. The credit rating firm also affirmed the airport’s long-term rating of ‘A-‘. S&P Global states in its summary, “The outlook revision reflects STL’s recent positive P trends, with April 2022 monthly enplanement at 84 percent of April 2019 levels.” S&enplanements goes on to say, “We could raise the rating within the next two years if we believe the current passenger recovery trend and traffic levels are sustainable.”

The credit ratings firm highlighted what they consider the airport’s strengths. They include:

  • The role as the dominant airport in the region
  • A significant liquidity position
  • A relatively large and economically healthy service area
  • Very strong management and governance

“I am proud that S&P at their highest level since 2003 (7.9 million in FY2019).” STL, as of June of this year, had approximately $529.1 million of debt outstanding. This debt is fixed-rate, with no variable-rate debt, swaps, or direct-purchase debt outstanding.

  • Contact Information:
    Roger Lotz
    Public Information Officer
    Office Phone: (314) 426-8125
    Mobile Phone: (314) 795-2235
  • Department:
    St. Louis Lambert International Airport
  • Topic:
    Airports

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