Pennsylvania Turnpike Commission's 2012A Subordinate Revenue Bonds Rated 'A-'; Other Ratings Affirmed Mar 12
- Language: English
- Published: March 2012
- Region: Pennsylvania
NEW YORK (Standard & Poor's) March 14, 2011-- Standard & Poor's Ratings Services has assigned its 'A+' rating to the Pennsylvania Turnpike Commission's (PTC) turnpike revenue bonds, series 2011A. At the same time, Standard & Poor's assigned its 'SP-1+' short-term rating to the 2012 maturity and its 'A+' rating to the 2013-2015 maturities of the commission's floating rate notes (SIFMA-indexed) series 2011B. In addition, Standard & Poor's affirmed its 'A+' underlying rating (SPUR) on the commission's turnpike's approximately $2.8 billion revenue bonds outstanding and its 'A-' SPUR on the approximately $2.9 billion subordinate revenue bonds outstanding. Standard & Poor's also affirmed its 'A+/A-1' rating on PTC's series 2010A bonds. The rating's long-term component reflects the creditworthiness of the obligor (the...
Companies mentioned in this report are:
- Pennsylvania Tpk Comm
Action: New Rating
Action: Outlook: Stable
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Research type: News
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