Category Archives: PJIA

June 3 Minister Ottley visits PJIA St Maarten terminal reconstruction

June 3 Minister Ottley visits PJIA St Maarten terminal reconstruction

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Princess Juliana Intl Airport Op Company N.V. — Moody’s announces completion of a periodic review of ratings of Princess Juliana Intl Airport Op Company N.V.

Princess Juliana Intl Airport Op Company N.V. — Moody’s announces completion of a periodic review of ratings of Princess Juliana Intl Airport Op Company N.V.

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Four Bids received for Airport Terminal Reconstruction Project on March 23, 2021

There was widespread interest by international companies with submissions in the range between US $70m through US $99m. Reportedly, a sum of four (4) major bids has been submitted to the Project Management Unit (PMU), who respectfully presides over the entire Airport project. The companies included CCECC (Singapore), Ballast Nedam International (Netherlands), Cotton Global Solutions (United States), and Aecon Airport Construction Ltd (Canada).

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Breaking! Moody’s downgrades Princess Juliana International Airports rating to B1 with a negative outlook. Approximately US$142.6 million of debt securities affected

$142.6 million (Approximate original issuance amount) Senior Secured Notes due 2027. Moody’s also confirmed PJIA’s Baseline Credit Assessment (BCA) of b3 and changed the outlook to negative. The rating action concludes the rating review that initiated on February 11th, 2021.The rating action follows Moody’s rating action in which the agency downgraded the Government of St. Maarten’s rating to Ba2 from Baa3 and changed t

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