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Summary: North Texas Toll Authority; Note; Toll Roads Bridges Sep 08 Product Image

Summary: North Texas Toll Authority; Note; Toll Roads Bridges Sep 08

  • Published: September 2008
  • Standard & Poors

FEATURED COMPANIES

  • North Texas Tollway Auth
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'A-' long-term rating to North Texas Toll Authority's (NTTA) $200 million series 2008H-1 and $159 million series 2008H-2 first-tier revenue refunding bonds; $200 million series 2008I first-tier convertible capital appreciation bonds; and $50 million series 2008J first-tier capital appreciation bonds. The rating incorporates NTTA's plan to issue an additional $325 million in debt to complete the take-out of its $3.5 billion series 2007 bond anticipation notes (BANs). Standard & Poor's also affirmed its 'A-' long-term rating on NTTA's first-tier system revenue bonds and its 'SP-1' rating on NTTA's BANs. At the same time, the 'BBB+' rating on NTTA's $1 billion series 2008F second-tier revenue bonds was affirmed. The 'BBB+' rating is based on...

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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