Fitch: Better Forecasts, More flexibility Will Stabilize Toll Roads
- Fitch warns on European transport infrastructure. Brennan, Henry // Fundweb;3/27/2012, p6
The article focuses on the warning given by Fitch Ratings Ltd., implying that several transportation hubs of Great Britain will not be able to secure refinancing based on underperformance. In its latest report of 2012, the agency has outlined critical risks faced by projects in the toll roads...
- Senate Bill Opens Road for Tolling Option. Watts, Jim // Bond Buyer;8/21/2015, Vol. 1 Issue F332, p1
Senate's multiyear transportation funding bill loosens restrictions on tolling of existing lanes of interstate highways.
- Fitch: Leasing of Toll Roads Can Be a Double-Edged Sword. Sanchez, Humberto // Bond Buyer;3/22/2006, Vol. 355 Issue 32344, p40
The article reports on the risks facing state and local governments on the sale of long-term leases on toll roads to private corporations in the United States. State and local governments will have to consider credit factors including assessing the value of the road, the pace at which tolls are...
- Harris County, Tex., Toll Road Debt Boosted to A-Plus by Fitch Ratings. Albanese, Elizabeth // Bond Buyer;12/9/2004, Vol. 350 Issue 32026, p4
The article reports that Fitch Ratings Inc. yesterday upgraded to A-plus from A the rating for $986 million of senior-lien toll revenue debt issued on behalf of the Harris County, Texas, Toll Road Authority. The agency also affirmed the rating for the authority's $806 million of outstanding...
- Fitch Lowers Calif. Road to Junk Status. Finestone, Deborah // Bond Buyer;2/6/2002, Vol. 339 Issue 31319, p1
Reports that rating agency Fitch Ratings Inc. has downgraded $1.8 billion in debt sold by San Joaquin Hills, California's Transportation Corridor Agency. Ratings for the debts before and after change; Change in the rating of senior lien toll road revenue bonds issued by agency in 1993; Impact...
- San Joaquin Hills On Moody's Watch. Saskal, Rich // Bond Buyer;2/25/2004, Vol. 347 Issue 31828, p2
Moody's Investors Service Inc. placed the San Joaquin Hills Transportation Corridor Agency in California on watch list for possible downgrade, as of February 25, 2004. According to Moody's, the action is the result of a decision to delay voting on a plan to combine the San Joaquin Hills agency...
- Fitch: Start--Up Toll Deals Should Be More Flexible. Sanchez, Humberto // Bond Buyer;10/20/2004, Vol. 350 Issue 31993, p4
The article presents a report by Fitch Ratings In. The credit picture for bonds used to finance start-up toll roads would be strengthened if deals were structured with greater financial flexibility, including using maximum levels of liquidity, less frequent toll increases, and lower levels of...
- WEST VIRGINIA: $1B Toll Program Urged. Sigo, Shelly // Bond Buyer;9/26/2013, Vol. 385 Issue 33986, p11
The article reports that the Blue Ribbon Commission on Highways of West Virginia has recommended the state to implement a toll bond program in order to raise one billion U.S. dollars for transportation projects in 2013nd the recommendation will become a final report to governor Earl Ray Tomblin.
- Better Luck This Time: Analysts Optimistic on Indiana Toll Road. Devitt, Caitlin // Bond Buyer;7/9/2015, Vol. 1 Issue 34340, p1
Months after the original private owner of the publicly owned toll road went bankrupt, the new owner, Australian fund manager fund IFM Investors, is set to complete the financing of its takeover bid next week.