Colorado

Nov 13, 2013 3:49 PM by Juice Godfrey

FBI fraud probe jeopardizes airport funding

GRAND JUNCTION, Colo. (AP) - 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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