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Fitch Ratings
Fitch Upgrades Harris County, Texas Toll Revs to 'AA-'; Outlook Stable
August 10th, 2008
Fitch Ratings assigns an 'AA-' rating to approximately $325 million of series 2008B Harris County Toll Road Authority's (HCTRA, or the authority) toll road senior lien revenue and refunding bonds. In addition, Fitch upgrades to 'AA-' from 'A+' the rating on approximately $1.4 billion in parity senior lien obligations. The Rating Outlook is Stable. The bonds are expected to sell via negotiation on Tuesday, July 22, and proceeds will be used to refund outstanding toll road senior lien revenue commercial paper notes and to fund deposits to HCTRA's construction fund. The senior lien bonds are secured by a gross lien on toll revenues. The authority also has approximately $677 million in...
Source: Pharma Investments, Ventures & Law Weekly (2008-08-10)
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