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MOODY S REPORT, in part
Rating Action: Moody s assigns Baa2 to Burlington (City of) VT Airport Enterprise s Airport Revenue Refunding Bonds, Series 2021A (taxable); stable outlook
22 Feb 2021
New York, February 22, 2021 Moody s Investors Service, ( Moody s ) has assigned a Baa2 rating to the Burlington (City of) VT Airport Enterprise s $5.385 million Airport Revenue Refunding Bonds, Series 2021A (taxable). The outlook is stable. Burlington Airport has $26.1 million of Series 2012A and 2014A bonds outstanding, as well as $11.1 million of Revenue Anticipation Notes issued by the City of Burlington.
RATINGS RATIONALE
The Baa2 rating reflects the continued stability in liquidity and debt service coverage, combined with a strengthened cost recovery framework following the adoption of a multi-year airline agreement that is residual in nature and provides for a 1.50x debt service coverage ratio (DSCR) and a floor of 200 days cash on hand. The credit profile will remain supported by l
Lisa Ventriss, Vermont Business Roundtable (Ex-Officio)
Going forward, the Foundation’s focus strategically aligns with and supports impactful workforce and education programs.
“The opportunity to scale and grow programs that serve the labor force and the business community, is upon us. Among the Foundation’s first tasks is to set short and long-range goals and workplans” said, Meg Fleming, CEO of SymQuest Group. The Foundation currently hosts two related programs:
Vermont Talent Pipeline (VTPM) which organizes employer collaboratives to generate shared talent requirements, and related training partnerships. VTPM currently serves the industries of Construction, Healthcare and Advanced Manufacturing, and acts as part of a national Talent Pipeline network across 30+ states.
Stratton Mountain file photo.
Vermont Business Magazine This ski season, Stratton and Sugarbush Resorts are thinking green – for the sake of its visitors’ health and planet health. Considering the COVID-19 pandemic, skiers today are placing a heightened importance on hygiene and are actively looking for transparency and trust in the standard of sanitation in all aspects of their experience – from the lodge to the chairlifts.
Stratton and Sugarbush Resorts are taking cleaning and disinfecting protocols seriously with Seventh Generation’s professional line of bio-based cleaning and disinfectant products.
Seventh Generation, a leading household and personal care products company and pioneer in the environmentally conscious products space, based in Burlington, has announced a five-year partnership with Alterra Mountain Company, meaning starting this month, Seventh Generation will be the preferred cleaning supplier for Stratton and Sugarbush Resorts through October 31, 2025.