Moody’s upgrades outlook for Indianapolis Airport Authority

Moody’s Investors Service has raised its outlook of the Indianapolis Airport Authority to “stable” from “negative.”

The authority has had to work with a higher debt load in recent years due to the $1 billion midfield terminal project at Indianapolis International Airport. The terminal opened as the economy nosedived four years ago.

Like many airports, Indianapolis also lost some flights due to the increased number of airline mergers.

But Moody’s cited several uplifting factors at Indianapolis, including solid agreements with airlines through 2015, the FedEx cargo sorting facility, and a diverse carrier mix.