Kroll Bond Rating Agency Affirms AA- Senior Lien Bond Rating and A+ Subordinate Bond Rating for Metropolitan Nashville Airport Authority

NASHVILLE, Tenn. (November 13, 2023) – Kroll Bond Rating Agency (KBRA), a prominent nationally recognized credit rating agency, has affirmed its AA- long-term ratings for the Metropolitan Nashville Airport Authority Airport (MNAA) Improvement Revenue Bonds, and A+ for the Subordinate Airport Improvement Revenue Bonds. The assessment also reaffirms MNAA’s Stable Outlook.

The ratings were upheld due to the following key credit factors:

• The population of Nashville and Middle Tennessee is increasing, driven by an expanding economy. This growth is attributed to the area’s substantial institutional presence, which includes the state capital, higher education institutions, and healthcare facilities, as well as noteworthy private sector investments and corporate relocations.
• A strong and well-established growth trend in enplaned passenger numbers, rebounding after pandemic-related disruptions.
• MNAA’s strong financial operations which are marked by abundant coverage and considerable liquidity.

Nashville International Airport® (BNA®) is committed to maintaining strong bond ratings and ensuring transparency with both the investor community and the general public. MNAA offers an investor relations website accessible at www.nashvilleairportbonds.com.

About Nashville International Airport®
As infrastructure critical to the region’s growth and prosperity, BNA® is a vital asset for Middle Tennessee and serves as a gateway to Music City and beyond. According to a recent study, in 2019 alone, BNA generated more than $9.9 billion in total economic impact, supported more than 76,000 jobs in the region, and produced more than $443 million in state, local, and federal taxes. BNA receives no local tax dollars. For more information, visit flynashville.com. Follow us on Facebook: @NashvilleInternationalAirport, Twitter: @Fly_Nashville, and Instagram: @FlyNashville. Learn more about BNA® Vision, our expansion and renovation plan for the airport, at BNAVision.com.

About John C. Tune Airport®
Located in West Nashville, only eight miles from downtown Nashville, John C. Tune Airport, also known as JWN®, is the busiest general aviation airport in Tennessee. It serves the needs of regional, corporate, and private aircraft and is a reliever airport for Nashville International Airport (BNA). JWN has generated $92 million in economic impact and is owned and managed by the Metropolitan Nashville Airport Authority. JWN receives no local tax dollars. For more information, visit flynashville.com/nashville-airport-authority/john-c-tune.

NASHVILLE INTERNATIONAL AIRPORT®,  BNA®, COMMANDER BERRY FIELD®, JOHN C. TUNE AIRPORT®, and JWN®, among others, are the registered trademarks and trademarks of The Metropolitan Nashville Airport Authority (“MNAA”). Use of these trademarks without permission from MNAA is strictly prohibited.

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