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Airport Liquidity Key To Ratings Stability, Fitch Executive Says

Airport Liquidity Key To Ratings Stability, Fitch Executive Says

The COVID-19 pandemic has led to traffic declines at unprecedented levels, exceeding past disruption events, Seth Lehman, senior director, U.S. airports, for Fitch Ratings said in a webinar Wednesday. “And unlike past disruption events, where recovery is speedy, this pandemic has been transformative in that it will [prompt] the longest…

Airports’ Ability To Fund Projects Under Stress, Fitch Says

Airports’ Ability To Fund Projects Under Stress, Fitch Says

…purpose and existing funds held in unrestricted reserves and construction accounts will soften the blow somewhat,’ said Seth Lehman, Fitch Ratings senior director. “That said, obtaining broad airline support will be more difficult until the aviation environment recovers.” The report says that given current uncertainties over the duration and severity…