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S&P revises Pensacola, Fla. airport bonds' outlook to negative
March 26, 2013 / 7:41 PM / 4 years ago

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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