S&P rates Memphis-Shelby, Tenn., airport bonds A-

Standard & Poor's said it assigned an A- rating to the Memphis-Shelby County Airport Authority, Tenn.'s $90.06 million of series 2008 airport refunding revenue bonds issued for Memphis International Airport.

The outlook is stable.

S&P also said it affirmed the A- underlying rating and stable outlook on the authority's outstanding parity debt.

In total, the action affects about $527 million of outstanding debt.

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