A.B. Won Pat International Airport Authority, Guam

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23:35 Yap - UA185
00:50 Seoul / Incheon - LJ916
02:00 Seoul / Incheon - KE418
02:00 Seoul / Incheon - RS102
02:50 Busan - LJ922

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21:45 Tokyo, JP ~ Narita - UA197
23:45 Seoul / Incheon - LJ915
23:55 Seoul / Incheon - KE417
01:00 Seoul / Incheon - RS101
01:50 Busan - LJ921
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Standard & Poor's Issues BBB+/Stable Outlook General Series A&B Bonds and Affirms Long Term Ratings

Friday, October 18, 2019

Standard & Poor's (S&P) has issued a credit profile rating on the Antonio B. Won Pat International Airport Authority, Guam's (GIAA) General Revenue Bonds, reflected on table below:

Standard & Poor's Issues BBB+/Stable Outlook General Series A&B Bonds and Affirms Long Term Ratings

S&P's release, attached, indicated the rating reflects their opinion of the Airport's adequate enterprise risk profile "as an essential service facility to the island, tempered by our expectation of fluctuating activity levels as a result of the island's unique exposures." The strong financial risk profile reflects S&P's "view of the airport's adequate financial performance, very strong debt and liabilities capacity, and strong liquidity and financial flexibility."

Executive Manager Tom Ada stated, "Standard & Poor's credit ratings and affirmations on our General Revenue Bonds are positive, and places us in a marketable position when we go to market to refund callable Series A & B General Revenue Bonds next week. I anticipate high demand for Guam Airport bonds, and expect the sale to be very successful."

Cash flow savings acquired through the refunding of a portion of the 2013 Revenue Bonds will be applied to necessary airport capital improvement projects. "Improvements to Guam's airport is a continuing process to ensure safe and efficient airport operations," Mr. Ada concluded.

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