The effect of United States commercial airport rate-setting methods on airport bond ratings

PurposeA major source of external funding for US airports comes from issuing municipal bonds. Credit rating agencies evaluate the bonds using multiple factors, but the judgments behind the ratings are not well understood. This paper examines if airport rate-setting methods affect the bond ratings of...

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Veröffentlicht in:	Managerial finance 2024-07, Vol.50 (8), p.1424-1443
Hauptverfasser:	Golkar, Bahareh, Lim, Siew Hoon, Karanki, Fecri
Format:	Artikel
Sprache:	eng
Schlagworte:	Agreements Airlines Airports Bond ratings Municipal bonds Ratings & rankings
Online-Zugang:	Volltext
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