OREANDA-NEWS. Moody's Investors Service, one of America's leading bond rating agencies, provided welcome financial news to MIA last week, assigning an "A2" rating and a stable outlook to the Miami-Dade Aviation Department's Series 2014 aviation revenue refunding bonds. This marks the second time in 2014 that Moody's has affirmed MIA's strong financial health and comes just days after Fitch Ratings and Standard & Poor's Ratings Services issued similar ratings.

"Miami International Airport is absolutely critical to our community's overall economic health, whether it's as a passenger gateway, a cargo hub or as a creator of tens of thousands of local jobs," said Miami-Dade County Mayor Carlos A. Gimenez. "With that in mind, Moody's latest assessment of MIA's financial health is very good news."

In a statement, Moody's pointed to MIA's "continued growth in Latin American, Caribbean and European markets" as key considerations in their assessment. Steady overall passenger growth at MIA and a broad, diverse mix of travelers and air carriers - both international and domestic - also factored into the airport's high marks. Additionally, Moody's noted that MIA is "well positioned to maintain its position as the main point of international service for the new American Airlines as it operationally completes its merger with US Airways."

"We're pleased that Moody's has once again delivered a positive assessment of MIA's financial health," said Miami-Dade Aviation Director Emilio T. Gonzalez. "Our team is fully committed to ensuring that we are on sound financial footing so we can continue to support local jobs and the local economy."