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Posted May 15. 2014 1:12PM

Moody's downgrades Manchester Airport bond rating

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Among reasons cited by Moody's for the downgrade is MHT's over dependence on Southwest Airlines. 

Moody's Investors Service has downgraded to Baa1 from A3 the rating of the Manchester (N.H.) Airport Enterprise's $174.2 million outstanding general airport revenue bonds. The rating outlook has been revised to stable from negative.