Moody’s Maintains Bob Hope Airport Aa3 Debt Rating

Rating Agency Cites Low Operating Costs, Cash Reserves, Diversified Revenue Streams, and Long History of Stable and Successful Management

BURBANK, Calif., June 17, 2010 — Moody’s Investors Service today announced it is maintaining the Burbank-Glendale-Pasadena Airport Authority underlying Aa3 revenue bond rating, citing the Authority’s strong financial track record, strong liquidity position, high debt service coverage, modest debt profile and competitive cost structure, and a long history of stable and successful private management by TBI Airport Management, Inc.

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