(NORTH CHARLESTON)—The Charleston County Aviation Authority is pleased to announce that Moody's Investors Service and Standard & Poor's Global Ratings have reaffirmed the Authority's credit ratings, maintaining its current A1 and A+ ratings.
Moody's Investors Service and Standard & Poor's recognized the Authority's strong financial performance and operational resilience. The reaffirmation reflects confidence in the Authority's ability to manage its financial commitments effectively while continuing to support the growth and development of Charleston International Airport.
Moody's credit rating of A1 and Standard & Poor's rating of A+ underscore the Authority's solid financial position, robust liquidity, and effective management strategies. These ratings also highlight the Authority's essential role in the regional economy, supporting significant economic activity and job creation.
"Receiving this affirmation from both Moody's and Standard & Poor's is a testament to the hard work and dedication of our entire team," said Elliott Summey, Executive Director and CEO of the Charleston County Aviation Authority. "These ratings reflect our commitment to maintaining financial stability and our ongoing efforts to enhance the passenger experience at Charleston International Airport. We are proud to continue serving as a key driver of economic growth in our region and look forward to future successes."
We are thrilled with Moody's and Standard & Poor's decision to affirm our A1 and A+ bond ratings. This positive recognition reflects our strong fiscal management, strategic planning, and commitment to sustaining the financial health of Charleston International Airport," said Brandy James, CFO of the Charleston County Aviation Authority. "These ratings reinforce investor confidence and position us well as we continue to invest in infrastructure and enhance our services for the benefit of our passengers and the community. We are grateful for the support and will remain focused on maintaining our financial stability and operational excellence."
About the Charleston County Aviation Authority
The Charleston County Aviation Authority manages and operates Charleston International Airport (CHS), Charleston Executive Airport (JZI), and the Mount Pleasant Regional Airport (LRO). The Authority is dedicated to providing safe, efficient, and customer-focused airport services while contributing to the region's economic vitality.