Ricondo & Associates, Inc., Introduces Credit Advisory Services.
Ricondo & Associates, Inc. (R&A) is pleased to introduce the provision of airport credit advisory services. Designed to enhance R&A’s industry leading financial services, our credit advisory service are intended to provide clients with insight on how industry conditions, capital programs, bond financings, changes in use and lease agreement provisions, and other matters may influence their credit profiles. These new services draw on R&A’s expertise in bond feasibility study preparation, use and lease agreement negotiations, master plan development, capital plan development, and rates and charges planning to assist airport managers in making decisions by providing a credit perspective in the planning process.
These services are designed to assist airport managers by providing a comprehensive overview of the factors reviewed by the major credit rating agencies in developing their ratings and the ways that changes in the economy, airline industry, travel demand, capital development, legislative and regulatory actions, and financial operations affect an airport operator’s credit profile. By incorporating credit advisory services into our existing financial services, R&A can assist airport managers in assessing potential credit implications throughout the planning process, enabling the efficient use of capital resources while maintaining a sound credit profile.
Peter Stettler, a Director in R&A’s Chicago office, leads the provision of our credit advisory services. Mr. Stettler has 16 years of experience as a municipal bond credit analyst, the last 10 years with Fitch Ratings, an international bond rating agency. At Fitch, Mr. Stettler was a lead credit analyst within the transportation group, focusing on airports and seaports in the United States. In addition to rating various entities, including the City of Chicago, Department of Aviation (owner and operator of Chicago O’Hare and Chicago Midway International Airports), the Metropolitan Washington Airports Authority (owner and operator of Reagan Washington National and Washington Dulles International Airports), and the City and County of Denver (owner and operator of Denver International Airport), Mr. Stettler has authored several reports and spoken at numerous industry conferences regarding credit factors affecting the airport industry. He has also won several awards recognizing his contributions to the industry, including the Award for Excellence from the National Municipal Analysts Society in 2005.
Mr. Stettler can be reached by phone at 312.606.0611 ext.132 or by email at p_stettler@ricondo.com