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Moody : Colorado Springs Airport bond rating remains 'stable'

10/24/2014 | 11:38pm US/Eastern

Moody's Investors Service affirmed its Baa1 rating with a stable outlook Thursday on bonds issued by the Colorado Springs Airport.

The bond rating agency said the rating reflects a weak competitive position, with passengers going to Denver International Airport.

But it said declines in emplanements in Colorado Springs have been balanced by "management's demonstrated ability and willingness to make cost reductions that has resulted in strong debt service coverage, substantial liquidity and a reduced debt burden."

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