Le Lézard
Classified in: Transportation
Subject: Bond/Stock Rating

KBRA Assigns AA- Rating to Clark County, NV's Airport System Subordinate Lien Refunding Revenue Bonds Series 2024A (Non-AMT), and A+ Rating to Airport System Junior Subordinate Lien Revenue Notes Series 2024B (Non-AMT)


KBRA assigns long-term ratings, each with a Stable Outlook, for the following Clark County, NV obligations:

Concurrently, KBRA affirms the long-term ratings, each with a Stable Outlook, on the following Clark County, NV Bonds and Notes:

Key Credit Considerations

The rating was assigned because of the following key credit considerations:

Credit Positives

Credit Challenges

Rating Sensitivities

For Upgrade

For Downgrade

To access rating and relevant documents, click here.

Methodologies

Disclosures

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.

Information on the meaning of each rating category can be located here.

Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

Doc ID: 1003337


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