Dallas Fort Worth International Airport (DFW) has announced a bond credit rating upgrade from Standard & Poor’s (S&P), moving from an A+ to AA-. Moody’s has also revised its outlook for DFW from A1 (stable) to A1 (positive). These upgrades are attributed to DFW’s strong financial position and effective risk management practices.
Chris Poinsatte, DFW’s Chief Financial Officer, stated, “We are pleased that both S&P and Moody’s have recognized our commitment to the responsible management of DFW’s credit profile. DFW remains focused on operational excellence and disciplined financial strategies. Our improved bond ratings position us to continue investing in capital projects and initiatives that will further enhance the value of DFW for our customers, community, and partners.”
In August 2024, DFW plans to issue $750 million in tax-exempt non-AMT funds. Of this, $450 million will be used to refund extendable commercial paper, while the remaining $300 million will be allocated to new capital projects.
The upgraded ratings support DFW’s $9 billion capital investment program, which includes expanding existing terminals and constructing a new sixth terminal, aimed at accommodating increasing passenger numbers and enhancing airport facilities.
