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Press release content from Business Wire. The AP news staff was not involved in its creation.

KBRA Releases Research – Coronavirus (COVID-19): Airport Balance Sheet Liquidity Blunts Pandemic Impact

November 11, 2020 GMT

NEW YORK--(BUSINESS WIRE)--Nov 11, 2020--

Kroll Bond Rating Agency (KBRA) releases research discussing how nearly eight months into the pandemic, available balance sheet resources across KBRA’s general airport revenue bond (GARB) ratings remain significant and largely undrawn upon since the start of the year as airports have tapped assistance provided through the Coronavirus Aid, Relief, and Economic Security (CARES) Act and made budgetary adjustments to offset pandemic-related revenue shortfalls.

Click here to view the report.

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About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. 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 is registered with ESMA as a CRA. Kroll Bond Rating Agency Europe is located at 6-8 College Green, Dublin 2, Ireland.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20201111005783/en/

CONTACT: AnalyticalPeter Scherer, Associate

+1 (646) 731-2325

pscherer@kbra.comHarvey Zachem, Managing Director

+1 (646) 731-2385

hzachem@kbra.comKaren Daly, Senior Managing Director

+1 (646) 731-2347

kdaly@kbra.comBusiness DevelopmentBill Baneky, Managing Director

+1 (646) 731-2409

bbaneky@kbra.comJames Kissane, Senior Director

+1 (213) 806-0026

jkissane@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2020.

PUB: 11/11/2020 02:01 PM/DISC: 11/11/2020 02:01 PM

http://www.businesswire.com/news/home/20201111005783/en