North Texas Tollway Authority; Toll Roads Bridges Aug 09
Standard & Poors, August 2009
Abstract
Standard & Poor's Ratings Services has assigned its 'A-' rating to the North Texas Tollway Authority's (NTTA or the authority) $360.9 million series 2009A first tier tax-exempt current interest bonds and $810.3 million series 2009B first tier taxable current interest bonds. The series 2009B bonds are direct subsidy payment Build America Bonds. The outlook is stable. Bond proceeds will refund all of the authority's commercial paper (CP) notes outstanding and portions of its Dallas North Tollway System (DNTS) revenue bonds series 1997, 1997A, and 1998; refund a portion of its DNTS variable-rate revenue bonds series 2005C; finance certain swap termination payments; fund portions of the Sam Rayburn Tollway (SRT), the President George Bush Turnpike Eastern Extension (PGBT EE) ,and other...
Companies mentioned in this report are:
- North Texas Tollway 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
- North Texas Tollway Auth
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW4
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
