Concourse C at Lambert-St. Louis International Airport following renovations.
ST. LOUIS (KSDK) - Lambert Airport's credit rating is stronger as a result of prudent fiscal management and stability in airline traffic, the Fitch Ratings Agency said Thursday.
The agency upgraded the airport's credit rating to BBB+, meaning it has "adequate" capabilities to meet its financial commitments at the given time.
Approximately $740 million in airport bonds are secured by the net revenues generated from airport operations, according to the City of St. Louis Comptroller's Office.
The Fitch Ratings Agency is headquartered in New York City.