DENVER—Standard & Poor’s Ratings Services is reaffirming its A+ rating on Denver’s airport revenue bonds despite Frontier Airlines’ bankruptcy filing.
The rating company said Monday it doesn’t believe the bonds will be affected by the bankruptcy reorganization of Denver International Airport’s second-largest carrier.
Frontier Airlines Holdings filed the petition to restructure its debt in U.S. Bankruptcy Court last week. The Denver-based airline says it was forced into the step after its credit card processor wanted to begin withholding more of the proceeds from ticket sales.
Frontier is operating a full schedule of flights and paying suppliers and employees as it reorganizes.
Standard & Poor’s says the outlook for the city of Denver’s senior-lien airport system revenue bonds remains stable.
———
On the Net:
