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Fitch Affirms Long Beach's (CA) Airport Rev Bonds at 'A-'; Outlook to Negative

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the ratings for Long Beach, CA's (LGB) approximately $115.2 million of outstanding airport revenue bonds at 'A-'. The Rating Outlook is revised to Negative from Stable. KEY RATING DRIVERS The Negative Outlook reflects the continued enplanement declines and their impact on non-airline revenues, leading to debt service coverage ratios (DSCRs) weakening towards the airport's policy of 1.50x. Although airport management has shown its willingness

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