KBRA Releases Rating Report for Dallas Fort Worth International Airport Joint Revenue Bonds

On June 30, 2023, KBRA assigned the long-term rating of AA with a Stable Outlook for the Dallas Fort Worth International Airport Joint Revenue Refunding Bonds Taxable Series 2023A, Joint Revenue Refunding and Improvement Bonds Series 2023B (Non-AMT), and Joint Revenue Refunding Bonds Series 2023C (AMT). KBRA also affirmed the long-term rating of AA with a Stable Outlook assigned to the outstanding Joint Revenue Improvement Bonds.

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Following the publication of this report it was identified that a credit rating analyst involved in the determination of the rating held securities in the rated entity through a managed account. Upon identification of this circumstance, a group of senior Public Finance analysts reviewed all material documentation associated with this rating action and concluded that the relevant credit rating analyst’s involvement did not impact the rating process or outcome.