S&P revises Pensacola, Fla. airport bonds' outlook to negative
March 26 (Reuters) - Standard & Poor's Ratings Services on Tuesday revised the outlook on Pensacola, Florida's airport revenue bonds to negative from stable.
The bonds were issued for Pensacola International Airport.
S&P said the outlook revision "reflects our assessment of below-average liquidity and debt service coverage, a high debt burden, and fluctuating enplanement trends due to increased competition by nearby Northwest Florida Beaches International Airport."
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