Fitch Rates Raleigh-Durham Airport's (NC) Refunding Revs, Series 2010B-1 'AA-'; Outlook Negative

NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA-' underlying rating to the Raleigh-Durham Airport Authority, NC's $37.05 million airport revenue refunding bonds, series 2010B-1 (non-AMT). The bonds are expected to price on Aug. 26, 2010. Fitch also affirms the 'AA-' underlying rating on the authority's outstanding airport revenue bonds. The Rating Outlook is Negative.

The 'AA-' rating reflects the new issue of the series 2010B-1 bonds and the updated par amounts on the series 2010B bonds. The rating rationale and analysis is consistent with Fitch's press release dated July 30, 2010.

Additional information is available at 'www.fitchratings.com'.

Applicable criteria: 'Rating Criteria for Infrastructure and Project Finance', dated Aug. 13, 2010 and 'Airports Rating Criteria Handbook for General Airport Revenue, PFC and Letter of Intent Bonds' dated March 12, 2007.

Related Research:

Rating Criteria for Infrastructure and Project Finance

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=548345

Airports Rating Criteria Handbook for General Airport Revenue, PFC and Letter of Intent Bonds

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=264948

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