Orlando-Orange County Expressway Authority, Florida; Joint Criteria; Ports/Port Authorities; Toll Roads Bridges Mar 10
Standard & Poors, March 2010
Abstract
Standard & Poor's Ratings Services has assigned its 'A' long-term rating to Orlando-Orange County Expressway Authority (OOCEA or the authority), Fla.'s $350 million series 2010 revenue bonds. At the same time, Standard & Poor's affirmed its 'A' rating on the authority's $2.1 billion in outstanding debt. The outlook is stable. The 'A' rating reflects our view of overall strong system growth, which we believe a large capital program that could pressure financial margins offsets. The 'A' rating also reflects our assessment of the following credit strengths: There has been strong average annual growth in transactions and toll revenues of 5.2% and 5.8%, respectively, in the past 10 years (fiscals 2000-2009) despite the 7% decline in traffic and flat revenues in...
Companies mentioned in this report are:
- Orlando Orange Cnty Expwy Auth
Action: New Rating
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
- Orlando Orange Cnty Expwy Auth
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