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Fitch Affirms Fresno, CA's Airport Revs at 'BBB'; Outlook Stable

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SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB' rating on approximately $54.1 million of outstanding airport revenue bonds. The Rating Outlook is Stable. The 'BBB' rating is reflective of the airport's small market within central California's San Joaquin Valley and overall weak revenue volume framework driven by an O&D base that is susceptible to airline service cuts and overall weak structural economic characteristics despite recent strengthening. This weakness is part

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