bond rating
NTTA bond ratings dropped a notch under weight of TX121 funding
Posted Thu, 2008-02-21 19:53
North Texas Tollway Authority (NTTA) has a groundbreaking ceremony Friday Feb 22 at the heavily fought-over TX121 tollroad project north of Dallas. It's a big media show with heavy construction equipment, previews of cashless highway speed electronic tolling, and a gaggle of local politicians jostling for microphone time. 682 words read more »
SH121 concession gets NTTA S&P bond rating down a notch & stuck on credit watch
Posted Thu, 2007-11-15 10:00
North Texas Tollway Authority (NTTA) has had its bond rating downgraded because of concerns about the debt it's taking on to finance its concession agreement with TxDOT on SH121. Standard and Poor's (S&P) have lowered their rating on NTTA longterm bonds from A+ to A, a high rating still. But the NTTA will remain on "Creditwatch with negative implications until NTTA clarifies its longterm plan of finance," S&P say.
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