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Fitch assigns AA+/F1+ to Portland, Ore., airport bonds
Fitch Ratings said it assigned a rating of AA+/F1+ to $138.89 million in Portland International Airport refunding revenue bonds, series 18, issued by the Port of Portland, Ore.
The bonds are expected to be delivered around June 11.
The bonds include two subseries, 18 A and 18 B, at $69.445 million each.
Proceeds will be used to refund outstanding bonds of the Port of Portland.
The rating is based on an irrevocable direct-pay letter of credit issued by Lloyds TSB Bank through its New York branch.
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