TITLE

Fitch Upgrades $707M of Taxable Dulles Greenway Toll Road Debt

AUTHOR(S)
Vadum, Matthew
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/28/2005, Vol. 351 Issue 32079, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Fitch Ratings upgraded to BBB from BBB-minus its rating on approximately $707 million of outstanding taxable debt Friday that was issued by the private owners of the Dulles Greenway toll road in Virginia, citing the highway's higher-than-expected traffic and revenue growth. The new rating, which carries a stable outlook, applies to $390.6 million of senior zero-coupon bonds that were privately placed earlier this month, and to $317.1 million of insured project revenue bonds sold in 1999.
ACCESSION #
16260599

 

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