TITLE

RITBA Still A; Toll Still $2

AUTHOR(S)
Cataldo, Adam L.
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/3/2006, Vol. 357 Issue 32415, p35
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the affirmation of Fitch Ratings Inc.'s A rating on the outstanding taxable refunding revenue bonds of the Rhode Island Turnpike and Bridge Authority. The bonds were issued in 2003 and are insured by Ambac Assurance Corp. Chad Lewis of Fitch emphasized strong debt service coverage at about three times, but a low net revenue coverage of all obligations at 1.1 to 1.35 times.
ACCESSION #
21489979

 

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