IE Business Daily Business news for the Inland Empire.
Ontario International Airport has retained its “A” rating regarding outstanding revenue bonds.
S&P Global Ratings, a New York credit rating company, recently reaffirmed that long-term rating due the airport’s “robust [passenger count] recovery that now exceeds pre-pandemic levels,” according to a statement on the airport’s website.
S&P Global said its long-term outlook for Ontario International is stable.
For any airport, a high bond rating can mean lower interest rates for improvement projects.
“We are proud of the S&P rating, as Ontario International Airport continues to gain appeal among airlines and air travelers,” said Celeste Heinonen, chief financial officer for the Ontario International Airport Authority, in the statement .
“Ours is the 12th largest metropolitan area in the United States, and the top job producing area in California. Our aviation partners continue to show confidence in our facilities and services.”
Ontario International Airport expects to accommodate seven million passengers this year, including two million this summer, according to the statement.
