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Fitch Ratings
Fitch Rates Penn Turnpike Commission Long-Term Revs 'A+'; Outlook Stable
June 8th, 2008
Fitch Ratings assigns an 'A+' rating to approximately $233.5 million of Pennsylvania Turnpike Commission (PTC or the commission) turnpike multi-modal revenue refunding bonds, series A of 2008. The series A of 2008 bonds consist of three subseries: $116.8 million series A-1 of 2008, $58.3 million series A-2 of 2008 and $58.3 million series A- of 2008. Fitch also assigns an 'A+' rating to approximately $400 million in Turnpike multi-modal revenue bonds, series B of 2008 which will consist of approximately $200 million of series B-1 of 2008 and $200 million of series B-2 of 2008. At this time, Fitch also affirms the 'A+' rating on the outstanding $2.1 billion of PTC turnpike revenue bonds...
Source: Pharma Investments, Ventures & Law Weekly (2008-06-08)
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