Businesswire - January 21, 2015 - Fitch Ratings has affirmed the 'BBB-' rating on the following North Carolina Turnpike Authority (NCTA), Triangle Expressway System (expressway) senior lien revenue bonds:
--Approximately $235 million revenue bonds, series 2009A (current interest bonds);
--Approximately $51 million revenue bonds, series 2009B (capital appreciation bonds).
Fitch also affirmed the 'BBB-' rating on NCTA's approximately $373 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan.
The Rating Outlook on both the senior lien revenue bonds and TIFIA loan is Stable. Read more >>