Kroll Bond Rating Agency (KBRA) has assigned a long-term rating of A+ with a Stable Outlook to the Pennsylvania Turnpike Commission’s Turnpike Subordinate Revenue Refunding Bonds, Third Series of 2017. At the same time, KBRA has affirmed the long-term rating of A+ with a Stable Outlook on the Commission’s outstanding Turnpike Subordinate Revenue Bonds. Lastly, KBRA has affirmed the long-term rating of AA- with a Stable Outlook on the Commission’s outstanding Turnpike Revenue Bonds. KBRA’s long-term rating excludes bonds backed by a letter of credit or liquidity facility, unless otherwise noted.
This rating is based on the KBRA’s U.S. Public Toll Roads, Bridges, & Tunnels Rating Methodology. KBRA’s rating evaluation focuses on the following key rating determinants:
- Size and Scope of Operations
- Demand Assessment
- Management/Regulatory Framework
- Security Provisions
To access the full report, please click on the link below:
Pennsylvania Turnpike Commission’s Turnpike Sub Rev Refunding Bonds, Third Series of 2017
If you have any difficulties accessing the report, please contact [email protected] or visit www.kbra.com.