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Airport Conracs Get Affirmed Bond Ratings

In combination with a growth in car rental transactions, flexibility in a customer facility charge and other factors, Fitch Ratings affirmed an ‘A-’ for Houston Intercontinental Airport’s consolidated rental car facility (conrac) bonds and a 'BBB+' for Hartsfield-Jackson Atlanta International Airport's conrac bonds.

Atlanta Airport May Increase Rental Car Charges

Officials at Hartsfield-Jackson International Airport in Atlanta have proposed a 50-cent customer facility fee increase to help offset the drop in car rentals. The fee increase is expected to generate $24.5 million annually, and will be used to pay down debt on bonds for the airport’s new car rental facility.

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