Fitch Affirms Maine Turnpike Authority Revenue Bonds at 'AA-'; Special Obligations at 'A-'.
Business Wire › February 04, 2011
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Fitch Affirms Maine Turnpike Authority Revenue Bonds at 'AA-'; Special Obligations at 'A-'.
NEW YORK -- Fitch Ratings affirms the underlying 'AA-' rating on approximately $400,000,000 Maine Turnpike Authority's (the turnpike, or the authority) turnpike revenue bonds. In addition, Fitch affirms the underlying 'A-' rating on the authority's $16.47 million series 2008 special obligation bonds, which are subordinate to the turnpike revenue bonds. The Rating Outlook is Stable.
RATING RATIONALE:The 'AA-' rating reflects the turnpike's mature travel m...See the full content of this document
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