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Summary: North Texas Tollway Authority; Joint Criteria; Toll Roads Bridges Nov 11 Product Image

Summary: North Texas Tollway Authority; Joint Criteria; Toll Roads Bridges Nov 11

  • Published: November 2011
  • Region: Texas
  • Standard & Poors

FEATURED COMPANIES

  • North Texas Tollway Auth
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'A-' long-term rating to the North Texas Tollway Authority's (NTTA or the authority) $266.25 million series 2011B first-tier revenue refunding bonds. At the same time, Standard & Poor's affirmed its 'A-' long-term and underlying ratings (SPUR) on NTTA's $6.1 billion first-tier system revenue bonds and its 'BBB+' long-term rating on the authority's $1.1 billion second-tier revenue bonds. Finally, Standard & Poor's affirmed its 'AAA/A-1+' rating on NTTA's series 2009D variable-rate first-tier system revenue refunding bonds. The outlook, where applicable, is stable. The 'BBB+' rating reflects our view of the bonds' subordinate status. The 'AAA' rating on the series 2009D bonds reflects the application of our joint criteria using low correlation between the bonds'...

Companies mentioned in this report are:
- North Texas Tollway Auth

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- North Texas Tollway Auth

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