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North Texas Tollway Authority's Revenue Bonds Rated 'A+' Jan 05
Standard & Poors, January 2005
NEW YORK (Standard & Poor's) Jan. 25, 2005--Standard & Poor's Ratings Services assigned its 'A+' rating to North Texas Tollway Authority's (NTTA, or the authority) $236.9 million revenue bonds series 2005A and $79.0 million variable-rate revenue bonds series 2005B. At the same time, Standard & Poor's affirmed its 'A+' rating on NTTA's $1.1 billion of revenue bonds outstanding. The rating is based on NTTA's demonstrated ability to build and support its planned expansion projects while maintaining projected solid debt service coverage, as well as the continued strong growth of the system. The outlook is stable based on the expectation that the NTTA will continue to balance the needs of the existing system expansion projects required to address regional growth while...
Companies mentioned in this report are: North Texas Tollway Auth
Action: New Rating
Action: Outlook: Stable
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: News
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North Texas Tollway Auth