September 2023

Fitch Updates LAX APM Senior Debt Rating – Outlook Negative

$1.2 billion in senior lien revenue bonds for Los Angeles Airport’s $6 billion LINXS project were moved from rating watch negative to rating outlook negative by Fitch in September. The project, also known as the LAX Automated People Mover, is expected to be completed in late 2024, and will connect the airport’s terminals to a new consolidated rental car facility and to the LA Metro light rail system.

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