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In order to keep you informed about our
current research, Moody's is pleased to present you with a copy of our latest
comment on airports, "Capacity Constraints At U.S. Airports Highlight Need
For Revenue Diversity & Strong Management To Meet Credit Challenges." We hope that you will find this report timely
and informative. Please let us know if you have any comments on this
publication or any suggestions on how we can improve our service to you. Sincerely, Kurt J. Krummenacker Assistant Vice President/Analyst Moody's Investors Service |