finance
Fitch rates NCTA Triangle Expressway bonds 'BBB-'
Posted on Tue, 2009-05-26 20:34Fitch are rating North Carolina Turnpike Authority's Triangle Expressway bonds 'BBB-'. They include:
- $211m of Triangle Expressway (TE) current interest revenue bonds![]()
- $84m of TE capital appreciation bonds
- $400m of TIFIA debt
Mass Pike gets $4.3m "refund" from UBS in AG settlement of auction rate securities case
Posted on Fri, 2008-05-09 22:10
Massachusetts Turnpike Authority is getting $4.3m as part of a $37m settlement between international banker UBS and the state attorney-general Martha Coakley over auction-rate securitiies. Most of the money will go to about 20 towns and cities.
Fitch raters remain positive about Pennsylvania Turnpike despite big new Act 44 obligations
Posted on Wed, 2007-09-12 22:07The Fitch bond rating company thinks that Pennsylvania Turnpike Commission (PTC) $1.7b of bonds (presently AA- with Stable Outlook) presently is likely to remain a strong investment despite the large extra borrowing and
annual payments it is undertaking to the state DOT in return for a 50 year toll lease of I-80. The raters say that the Pike's new debt will be acquired gradually giving the opportunity to monitor its strength.
