Halifax-Dartmouth Bridge Commission
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Abstract
Strong financial risk profile Near-monopoly position Long history of stable growth in traffic revenues Adequate liquidity Lack of toll-setting autonomy Relatively high traffic risk The rating on the Halifax Dartmouth-Bridge Commission (HDBC) primarily reflects Standard & Poor's Ratings Services' opinion of a strong financial risk profile, a near-monopoly position on vehicular traffic with a long history of relatively stable growth in traffic revenues, and adequate liquidity. In our view, partially offsetting these strengths is the commission's lack of toll-setting autonomy and a relatively high level of traffic risk. As of fiscal year-end 2010 (March 31), HDBC continued its long tradition of strong operating performance, and once again maintained a strong financial risk profile. As of March 31, the commission's cash...
Companies mentioned in this report are: Halifax - Dartmouth Bridge Commission,Halifax Regional Municipality
Action: Affirmed
Halifax - Dartmouth Bridge Commission,Halifax Regional Municipality
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