Arizona State Board of Transportation - Fitch Research

Arizona State Board of Transportation

Arizona State Board of Transportation - Fitch Research
Arizona State Board of Transportation
Published Oct 05, 2026
5 pages (3268 words) — Published Oct 05, 2026
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Brief Excerpt:

...The 'AA+' grant anticipation note (GAN) rating reflects additional enhancement provided by pledged State Highway Fund (SHF) balances and the Highway User Revenue Fund (HURF) revenues from which the SHF derives. Fitch Ratings assesses the revenue type for HURF revenues at 'a' due to historical volatility mitigated by solid growth prospects. Resilience is robust at 'aaa', considering planned near-term issuance. Past legislative transfers and diversions for state operating needs constrain the rating at Fitch's view of the state's credit quality. ...

  
Report Type:

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MLA:
Fitch Research. "Arizona State Board of Transportation" Oct 05, 2026. Alacra Store. Nov 04, 2026. <http://www.alacrastore.com/fitch-credit-research/Arizona-State-Board-of-Transportation-RPT_10358820>
  
APA:
Fitch Research. (2026). Arizona State Board of Transportation Oct 05, 2026. New York, NY: Alacra Store. Retrieved Nov 04, 2026 from <http://www.alacrastore.com/fitch-credit-research/Arizona-State-Board-of-Transportation-RPT_10358820>
  
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