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Journal article
Say Versus Do: Analysis of Fitch Ratings and Bond Grades for a Regional Airport
Transportation journal, Vol.55(3), pp.315-329
07/2016
Web of Science ID: WOS:000385270600006
Abstract
In this short article, we examine the airport bond rating system by Fitch Ratings, including what Fitch documents "say" are important versus the level of analysis that is actually "done." One thing that is apparently not done is construction of a travel model for measuring competition between airports. We do this for the Pensacola, Florida, airport. Results indicate the Fort Walton Beach facility is the largest threat and the staff at Fitch Ratings have, to some degree, focused on the wrong airport. We also found that, while ratings affect interest rates, the relationship to risk is less clear.
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Details
- Title
- Say Versus Do
- Publication Details
- Transportation journal, Vol.55(3), pp.315-329
- Resource Type
- Journal article
- Publisher
- Penn State University Press; United States
- Copyright
- © 2016 Association for Supply Chain Management, Inc.
- Identifiers
- WOS:000385270600006; 99380497895006600
- Academic Unit
- Commerce; Lewis Bear Jr. College of Business
- Language
- English