Anchorage International Airport Car Rental

The following suppliers are offered at Anchorage International Airport (ANC) in Alaska. Please see Moody’s Ratings Symbols and Definitions on the Rating Course of action web page on for additional data on the time horizon in which a credit rating action may perhaps be soon after a evaluation or outlook action took location. CREDIT RATINGS AND MOODY’S PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY Particular person AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND Ought to NOT BE Applied IN ANY WAY THAT COULD Result IN THEM Being Thought of A BENCHMARK.Anchorage International Airport Car Rental

Customer facility charge (CFC) revenues collected by the rental car firms (RACs) operating at the facility. Alaska Industrial Development and Export Authority’s (AIDEA) issued $59 million of Series 2005A and Series 2005B income bonds issued to finance the construction of the consolidated rental auto facility (CONRAC) at the Ted Stevens Anchorage International Airport (ANC, State of Alaska Airport Enterprise rated A1, stable outlook).

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NOTICE OF CONCESSIONS EXTENSION: The State of Alaska, Department of Transportation and Public Facilities, (DOT&PF) proposes to execute Supplements to extend the following On-Airport Rental Vehicle Facility Agreements: ADA-31198 (Hertz), ADA-31199 (Avis), ADA-31200 (Cooper River), ADA-31202 (Thrifty) and ADA-31373 (Enterprise) all positioned on the Airport Premises of the South Terminal at the Ted Stevens Anchorage International Airport.

MOODY’S CREDIT RATINGS AND MOODY’S PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY’S CREDIT RATINGS OR MOODY’S PUBLICATIONS WHEN Producing AN INVESTMENT Decision. The rating also considers the total charge to renters that is amongst the highest in the nation of $six.50 when the Client Facility Charge (CFC) and the Facility Maintenance Charge (FMC) are combined, and the expected boost to $7.00 in BY 2016.

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Rental in Anchorage International Airport of new cars, as they are on typical from 6 to 12 months old. The rating outlook is steady primarily based the continued growth in transaction days and progressively enhancing debt service coverage even though coverage is expected to remain narrow as debt service requirements improve every five years by way of the life of the bonds. New York, April 15, 2015 – Moody’s Investors Service maintains a Baa2 rating on the Anchorage Airport’s Rental Automobile Facility Project Revenue Bonds, Series 2005A&B issued by the Alaska Industrial Development and Export Authority.

Given the reduction in FGIC’s credit rating and issues about FGIC’s ability to help this obligation, Moody’s views the value of this reserve as substantially diminished. 2. You acknowledge and agree that Moody’s credit ratings: (i) are existing opinions of the future relative creditworthiness of securities and address no other threat and (ii) are not statements of current or historical fact or suggestions to acquire, hold or sell unique securities.

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CREDIT RATINGS ISSUED BY MOODY’S INVESTORS SERVICE, INC. CREDIT RATINGS DO NOT ADDRESS ANY OTHER Risk, Including BUT NOT Restricted TO: LIQUIDITY Threat, Market place Value Risk, OR Value VOLATILITY. The bonds also have narrow debt service coverage when the coverage fund is excluded and the debt service reserve fund remains completely fulfilled with a surety policy from FGIC (ratings withdrawn). MOODY’S Problems ITS CREDIT RATINGS AND PUBLISHES MOODY’S PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT Each and every INVESTOR WILL, WITH DUE CARE, MAKE ITS Personal STUDY AND EVALUATION OF Each Safety THAT IS Under CONSIDERATION FOR Obtain, HOLDING, OR SALE.

Anchorage International Airport Car Rental – The bonds also have narrow debt service coverage when the coverage fund is excluded and the debt service reserve fund remains totally fulfilled with a surety policy from FGIC (ratings withdrawn).

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