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Tag Archives: Fitch ratings

Ratings agency maintains Jackson airport credit rating

JACKSON — Despite the 2014 pullout of Southwest Airlines, a credit rating agency says the financial outlook at Jackson-Evers International Airport remains stable. Fitch Ratings Friday maintained the airport’s $38 million in debt at BBB+, at the low end of investment-grade ratings, with Fitch saying it expects the rating to remain stable. The rating agency says other carriers are picking ...

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Fitch Ratings gives Trustmark a 'stable' outlook

JACKSON — Fitch Ratings has affirmed Trustmark Corp.’s (TRMK) ratings at “BBB+”/”F2”. The rating outlook remains “stable”. Fitch wrote: “TRMK’s ‘BBB+’ ratings reflect its good asset quality and the leading market share in TRMK’s home state of Mississippi and growing market share in other parts of the southeastern U.S. Furthermore, Fitch positively views the company’s risk appetite measured by relatively ...

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Fitch gives Mississippi Power a negative outlook due to Kemper plant

GULFPORT — Fitch Ratings has affirmed the issuer default rating (IDR) and security ratings for Southern Company, and has affirmed the IDRs and debt ratings for Southern Company’s subsidiaries. The rating outlook for all of the subsidiaries is stable, except for Mississippi Power, which remains negative. Fitch wrote: “The key near-term uncertainty at Mississippi Power remains the execution risk associated ...

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SPECIAL REPORT: Hotels, industrial park, offices part of mix at Gulfport/Biloxi airport

In his slightly more than two years on the job, Clay Williams has picked up where retired predecessor Bruce Frallic left off in seeking to make the most of Gulfport/Biloxi International Airport’s assets. So far, property controlled by the Gulfport/Biloxi Airport Authority has added a pair of hotels, a Fixed Based Operator which invested $12 million in its facilities, an ...

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SPECIAL REPORT: A savvy pro is sought for Jackson airport's CEO

The aviation executive search firm hired to find the next CEO of the Jackson Municipal Airport Authority is likely to focus on an airport pro skilled in economic development. “You need someone who can make that happen,” said  Doug Kuelpman, founder and president of ADK Executive Search, a Jacksonville, Fla., company the Airport Authority selected Monday to find a CEO ...

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SPECIAL REPORT: Land may hold key to Jackson airport’s success

Developing and attracting businesses to several hundred acres on Jackson Municipal Airport Authority land east of Medgar Wiley Evers International may be the Authority’s best hope for offsetting the $800,000 lost annually to the departure of Southwest Airlines. The revenue loss has already cost the Airport Authority a Fitch Ratings Service downgrade of a $39.4 million bond issue, forcing a ...

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(UPDATED) Making Jackson-Evers affordable to Allegiant is key to regaining Orlando service

Prospects for Jackson Medgar Wiley Evers International landing ultra-low-cost carrier Allegiant Air  for service to Orlando hinge on well the airport can help the carrier shave its operating costs at the airport.A U.S. Department of Transportation grant subsidy the airport expects to receive would ease the cost burden early on. But  the Las Vegas-based Allegiant wants to ensure it can ...

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Deal for Jackson-Orlando flights in works with Allegiant

Low-cost carrier Allegiant Air would give Jackson two direct flights a week to and from Orlando under an agreement approved Monday by the Jackson Municipal Airport Authority and contingent on a U.S. Department of Transportation grant subsidy. Flights offered by the Nevada-based commercial and charter airline would land at Orlando/Sanford International, a small airport in the Central Florida city of ...

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Fitch downgrades Baptist's bond rating

JACKSON — Fitch Ratings has downgraded approximately $97.1 million Mississippi Hospital Equipment and Facilities Authority revenue bonds, series 2007A, issued on behalf of Mississippi Baptist Health System (MBHS) to from “BBB+” to “BBB”. The rating outlook is “stable”. Fitch wrote: The rating downgrade reflects MBHS’s profitability deterioration in fiscal year (FY) 2013 and through the eight-month interim period of 2014 ...

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Air service to Orlando could be on the horizon

Direct service from Jackson-Medgar Evers International Airport to Orlando could resume after Southwest Airlines’ departure  if airport officials receive a U.S. Department of Transportation grant they say they are confident of getting. The grant is the same one by which the airport gained service to New York City. The direct service to Orlando ceases with Monday’s departure of Southwest Airlines ...

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