Moody's Investor Service upgrades financial outlook for MIA

Miami International Airport has earned an improved financial outlook from Moody´s Investor´s Service based on steady passenger growth and strong airline partnerships, the company said.

The revised outlook — from stable to positive — comes before the sale of USD 760 million in revenue bonds in early 2019 that will help fund USD 1.45 billion in capital improvements at MIA over the next three years.

Moody said the positive outlook is based on its expectation that MIA will retain its market share of international and domestic passenger traffic and will continue to steady enplanement growth in 2019, which will track the airport´s revised growth forecast.

Miami International Airport offers more flights to Latin America and the Caribbean than any other US airport, is America´s third-busiest airport for international passengers, boasts a lineup of more than 100 air carriers and is the top US airport for international freight.