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November 13, 2013
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FBI fraud probe jeopardizes Grand Junction airport funding

GRAND JUNCTION — Moody’s Investors Service says the impact of an FBI fraud investigation on Grand Junction Regional Airport’s credit rating could jeopardize $77 million in federal grants.

According to the Grand Junction Daily Sentinel, a credit downgrade would likely increase the cost of borrowing by the airport.

Grand Junction airport administrators say they’ve been ordered to turn over financial records as part of an FBI investigation, but no details have been released.

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The Post Independent Updated Nov 13, 2013 10:56AM Published Nov 13, 2013 10:56AM Copyright 2013 The Post Independent. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.