A.B. Won Pat International Airport Authority, Guam

As part of an annual update and review of its credit, the A. B. Won Pat International Airport Authority, Guam (GIAA) received Moody’s Investors Service, Inc.’s (Moody’s) update to credit analysis which continues to support the Airport’s Baa2 Investment Grade Rating with a Stable Outlook on its senior revenue bonds. A year following Typhoon Mawar, the GIAA continues to demonstrate its financial and operational resilience with improvement in enplanement activity.

“Our team at the Guam Airport continues its goal of providing safe and secure operations for the traveling public, 24/7/365,” stated John M. Quinata, Executive Manager. “And this update to GIAA’s credit analysis is a reflection of our airport staff and their hardwork and dedication to Guam’s only commercial airport. Our continued success would not be possible without the support from Governor Leon Guerrero and Lieutenant Governor Tenorio.”

In its update, Moody’s discussed that GIAA’s credit profile is supported by satisfactory financial metrics, which was buttressed during the pandemic by meaningful federal pandemic-related aid as well as reductions in operating expenses and a restructuring of debt services.

“We thank Moody’s for their recognition of our Airport’s commitment to financial resilience during their update to credit analysis process,” stated Artemio “Ricky” Hernandez, Ph.D., Deputy Executive Manager. “We also appreciate our airline partners and other airport stakeholders for their commitment to work with us as we continue our recovery to pre-pandemic levels.”