Fitch Lowers MassPike's Big Dig Debt, But Affirms Western Turnpike Rating

McDonald, Michael
October 2002
Bond Buyer;10/24/2002, Vol. 342 Issue 31498, p3
Trade Publication
Reports that rating agency Fitch Ratings has downgraded multi-million dollar worth of bonds sold by Massachusetts Turnpike Authority. Factors responsible for the downgrade of the bonds; Affirmation of MTA's western turnpike rating; Concerns regarding MTA's finances.


Related Articles

  • Governor OKs $100M for Annual MassPike Debt Service. Kaske, Michelle // Bond Buyer;7/16/2009, Vol. 369 Issue 33150, p4 

    The article reports that Governor Deval Patrick has already signed a bill that would help the Massachusetts Turnpike Authority to raise its credit rating in Massachusetts in July 2009. The Authority has about 2.1 billion U.S. dollar debt, causing it to have a triple-B credit rating given by...

  • Fitch Puts MassPike's $2.24B of Highway System Debt on Negative Watch. Kaske, Michelle // Bond Buyer;9/10/2008, Vol. 365 Issue 32958, p3 

    The article reports on the negative rating of the Massachusetts Turnpike Authority's $2.24 billion of Metropolitan Highway System (MHS) debt. This rating could be attributed to the increasing operating costs and a predicted decrease in debt service coverage. Fitch Ratings affirm that its 162...

  • Moody's Revises $2.2 Billion of Big Dig Debt to Negative. Kaske, Michelle // Bond Buyer;11/9/2007, Vol. 362 Issue 32752, p31 

    The article reports on the downward revision of Moody's Investors Service Inc.'s outlook on the $2.2 billion bonds issued by Massachusetts Turnpike Authority (MTA). The rating agency revised its to negative from stable, reflecting the decreased traffic numbers and revenues while MTA experiences...

  • MASSACHUSETTS: Toll Hike. Peacock, Wayne // Bond Buyer;11/12/2001, Vol. 338 Issue 31263, p35 

    Reports on the decision of the Massachusetts Turnpike Authority to delay a scheduled toll increase for six months starting November 2001. Criticism of the decision by acting governor of the state Jane M. Swift.

  • Turnpike continues upgrade. Rosenbaum, David B. // ENR: Engineering News-Record;1/22/96, Vol. 236 Issue 3, p18 

    Reports that the Massachusetts Turnpike Authority (MTA) are in the process of advertising bids for $130 million in road construction intended to upgrade the turnpike and spur the state's economic development. Plan to build an interchange in the Worcester-Providence; Statement from John J....

  • MassPike Eyes $239 Million, Targets Toll Booths. Piazza, Johanna // Bond Buyer;9/25/2003, Vol. 345 Issue 31727, p3 

    Reports on the redemption of debts by the board of the Massachusetts Turnpike Authority. Assessment of the value of leases on concession facilities; Estimation of the annual revenues from the leases; Evaluation of the maintenance and operation costs of the Western Turnpike's roads.

  • MassPike Delays Toll Hike Marked for 'Big Dig' Debt Service. Peacock, Wayne // Bond Buyer;11/1/2001, Vol. 338 Issue 31256, p3 

    Reports on the decision of Turnpike Authority to delay a turnpike toll hike in Massachusetts. Purpose of the delay; Expected amount generated by the toll hike; Schedule for the start of the toll hike.

  • Moody's Is Reviewing Financial Impact of Boston Tunnel Closure. Cataldo, Adam L. // Bond Buyer;7/13/2006, Vol. 357 Issue 32422, p32 

    The article reports that U.S.-based credit rating agency Moody's Investors Service is undertaking a review to determine the financial impact of the decision to shutdown the Ted Williams Tunnel in Boston, Massachusetts following a partial ceiling collapse that left one person dead. The revenue...

  • Bond issue to finance Massachusetts Turnpike restructuring, `bid dig'. Demenchuk, Michael // Bond Buyer;09/15/97, Vol. 321 Issue 30230, p30 

    Reports on the approval of bond issues in Massachusetts by the state Turnpike Authority. Use of the proceeds from the issues for the authority's Central Artery/Tunnel project; Reasons for choosing the authority in charge of the project; Value of the estimated issues.


Read the Article


Sign out of this library

Other Topics