Spotlight: LAX Gets High Credit-Worthiness Rating

Los Angeles International Airport garnered an AA rating from Fitch Investors Service, making it the first U.S. airport rated by Fitch to receive such a high credit-worthiness evaluation. The rating comes as LAX prepares to sell an expected $40.55 million in tax-exempt bonds Nov. 4 to pay off refinancing bonds issued in 1995. Fitch cited several reasons for the favorable rating, including the low cost to airlines for doing business on a per-passenger basis, compared with other big-city airports.