Press Release|Public Finance

KBRA Releases Report Assigning Chicago Midway International Airport Senior Lien GARBs A, Stable Outlook

13 Oct 2023   |   New York


On October 11, 2023, KBRA assigned an A rating, with a Stable Outlook to the City of Chicago - Chicago Midway Airport Senior Lien Airport Revenue and Revenue Refunding Bonds, Series 2023A (AMT); Senior Lien Airport Revenue Refunding Bonds, Series 2023B (Non-AMT); and Senior Lien Airport Revenue Refunding Bonds Series 2023C (AMT). Concurrently, KBRA affirmed the long-term rating of A, with a Stable Outlook on the Airport's outstanding Second Lien Airport Revenue Bonds.

To access rating and relevant documents, click here.

Click here to view the report.

This Report Press Release was revised on December 8, 2023 to reflect the City's decision to issue three series of senior lien bonds rather than two.

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1002493

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