CHICAGO - Moody's Investors Service last week rated the first airport debt issue backed by passenger facility charges.

But while the agency assigned an A rating to $280 million of revenue bonds that McCarran International Airport in Nevada is expected to sell on Aug. 18, it made it clear that the rating was based on the pledge of the airport system's net revenues and not on the passenger facility charges alone.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.