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Summary: Pennsylvania Turnpike Commission; Joint Criteria; Toll Roads Bridges Oct 11 Product Image

Summary: Pennsylvania Turnpike Commission; Joint Criteria; Toll Roads Bridges Oct 11

  • Published: October 2011
  • Standard & Poors

FEATURED COMPANIES

Abstract
Standard & Poor's Ratings Services has assigned its 'A-' rating to the Pennsylvania Turnpike Commission's (PTC) turnpike subordinate revenue bonds, series 2011B. At the same time, Standard & Poor's affirmed its 'SP-1+' short-term rating on the 2012 maturity and its 'A+' rating on the 2013-2015 maturities of the commission's floating-rate notes (SIFMA-indexed) series 2011B. In addition, Standard & Poor's affirmed its 'A+' underlying rating (SPUR) on the commission's turnpike's approximately $2.8 billion revenue bonds and its 'A-' SPUR on the approximately $3 billion subordinate revenue bonds outstanding. Standard & Poor's also affirmed its 'A+/A-1' rating on PTC's series 2010A bonds. The rating's long-term component reflects the creditworthiness of the obligor (the commission), while the short-term component reflects the standby bond...

Companies mentioned in this report are:
- Pennsylvania Tpk Comm

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

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- Pennsylvania Tpk Comm

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