fitch

Fitch Ratings have put Massachusetts Turnpike Authority's metro highway bonds on a "Rating Watch Negative" and made blistering remarks following the Authority's Monday wimp-out from an announced toll increase March 29.

Fitch Ratings after a review of the New Jersey Turnpike have reaffirmed the 'A' rating for the big toller's revenue bonds, and say its overall outlook rating is Stable, a change from the Negative outlook they had before the recent toll increase.

Fitch raters say the Pennsylvania Turnpike Commission's financial plan under Act 44 may fail and higher than the promised toll increases may be needed: