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'A-' Rating Assigned To North Texas Tollway Authority's $266.25 Million Bonds Nov 11
Standard & Poors, Nov 2011
Abstract
DALLAS (Standard & Poor's) Nov. 4, 2011-- 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 ratings reflect our view of the system's role as regional urban infrastructure provider with critical transportation links within the Dallas-Fort Worth metropolitan area --...
Companies mentioned in this report are: North Texas Tollway Auth
Action: Affirmed
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
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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