“Palm Springs International Airport Soars with ‘A’ Credit Rating from S&P Global”

Palm Springs International Airport (PSP) has been assigned a strong ‘A’ credit rating by S&P Global Ratings, a leading global rating agency. This rating reflects the agency’s confidence in the airport’s financial stability, growth, and major expansion plans. S&P Global Ratings provides assessments of the financial health of public infrastructures such as airports, schools, and cities.

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The ‘A’ rating applies to the airport’s passenger facility charge, a crucial factor in its financial performance. This high rating indicates that the airport is considered a low credit risk and has a strong capacity to meet its financial commitments. This is not the first time PSP has earned such a rating, reinforcing its consistent performance and financial stability.

This strong credit rating is expected to positively impact PSP’s expansion plans. It signals to investors and stakeholders that the airport is financially robust and capable of successfully implementing and managing its growth strategies. The rating also demonstrates the airport’s resilience amidst the challenging times for the travel industry due to the ongoing global pandemic.