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Tag Archives: Fitch Ratings Service

Looking ahead 5 years, airport plan proposes terminal upgrade, new rental car center, hotel

By Ted Carter Terminal modernization, a consolidated car rental facility and hotel are among key capital projects the Jackson Municipal Airport Authority will pursue under a 5-year strategic plan adopted earlier this year. The plan, prepared with the help of Jacobsen/Daniels, a multi-state transportation consulting firm with an office in New Orleans, details strengths and weaknesses of Jackson-Medgar Wiley Evers ...

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Fitch awards solid, stable AA rating to new IHL borrowing

The candidate selected to replace the departing Hank Bounds as Mississippi’s commissioner of higher education will inherit a sound and stable borrower profile for the State Institutions of Higher Learning. In a Jan. 13 ratings report, Fitch Ratings Service maintained the AA rating on a new issuance of revenue bonds the IHL expects to sell the week of Jan. 26. ...

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Jackson-Evers delaying security and concourse upgrades after bond rating drop

Fitch Rating Service’s downgrading of $39.4 million of Jackson Municipal Airport Authority revenue bonds will force a year-long delay of security checkpoint upgrades and improvements to the terminal building of Jackson-Medgar Wiley Evers International Airport. The drop to BBB+ from A- came largely from Southwest Airlines’ decision to stop nearly two decades of service on June 7. Fitch says the ...

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