ST. LOUIS, MO (KTVI) – The city of St. Louis announced Friday that Moody’s Investors Services and Standard & Poor’s both raised their ratings on Lambert-St. Louis International Airport debt in anticipation of next month’s refunding bond sale.
The Moody’s rating was raised from “Baa 1” with a negative outlook to “A3” with a stable outlook. In addition, Standard & Poor’s changed its rating from A- with a negative outlook to A- with a stable outlook.
This places the airport’s ratings in the single “A” category for the first time in more than a decade.
The better the rating, the better the interest rates.