DALLAS -- Moody's Investors Service yesterday confirmed its conditional Baa rating on outstanding and upcoming bonds for the new Denver International Airport, despite continual delays in opening the airport and a flawed baggage system.

"Long-term credit fundamentals remain the basis for the medium grade ... rating, despite short-term concerns over management, project scheduling and opening delays and relations with airlines, particularly United Airlines, the dominant carrier," said a Moody's announcement.

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