NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases commentary discussing the boost to airport liquidity provided by the $10 billion in grants-in-aid funding for U.S. airports provided by the Coronavirus Aid, Relief, and Economic Security Act (CARES). KBRA believes that the additional funding will better position airports to grant rate relief to airlines and concessionaires and provide additional resources to meet near-term debt service obligations.
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- Coronavirus (COVID-19): Airport Balance Sheet Liquidity Crucial to Weathering the Crisis
- Coronavirus (COVID-19): U.S. Airport Credit Impacts Are Evolving
KBRA is a full-service credit rating agency registered as an NRSRO with the U.S. Securities and Exchange Commission. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) with the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.