Pennsylvania Turnpike Commission; Joint Criteria; Toll Roads Bridges - S&P Global Ratings’ Credit Research

Pennsylvania Turnpike Commission; Joint Criteria; Toll Roads Bridges

Pennsylvania Turnpike Commission; Joint Criteria; Toll Roads Bridges - S&P Global Ratings’ Credit Research
Pennsylvania Turnpike Commission; Joint Criteria; Toll Roads Bridges
Published Feb 20, 2025
15 pages (6091 words) — Published Feb 20, 2025
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA-' long-term rating to the Pennsylvania Turnpike Commission's (PTC) pro forma $350 million series 2025A senior-lien turnpike revenue bonds and $253.345 million second series 2025 senior-lien turnpike revenue refunding bonds. At the same time, we affirmed our 'AA+/A-1' joint support rating and 'AA-' long-term rating and underlying rating (SPUR) on PTC's series 2023B senior-lien variable-rate turnpike revenue bonds, based on our joint criteria (assuming low correlation). In addition, we affirmed our 'AA-' SPUR on PTC'S senior-lien turnpike revenue bonds outstanding. We also affirmed our 'AA-' long-term rating on the commission's registration-fee revenue refunding bonds. Finally, we affirmed our 'A+' long-term rating on PTC's subordinate revenue bonds outstanding. The outlook is stable. Net revenue directly associated

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '##-' long-term rating to the Pennsylvania Turnpike Commission's (PTC) pro forma $350 million series 2025A senior-lien turnpike revenue bonds and $253.345 million second series 2025 senior-lien turnpike revenue refunding bonds. + At the same time, we affirmed our '##+/A-1' joint support rating and '##-' long-term rating and underlying rating (SPUR) on PTC's series 2023B senior-lien variable-rate turnpike revenue bonds, based on our joint criteria (assuming low correlation). + In addition, we affirmed our '##-' SPUR on PTC'S senior-lien turnpike revenue bonds outstanding. + We also affirmed our '##-' long-term rating on the commission's registration-fee revenue refunding bonds. + Finally, we affirmed our 'A+' long-term rating on PTC's subordinate revenue bonds outstanding. + The outlook is stable....

  
Report Type:

Full Report

Issuer
Pennsylvania Turnpike Commission
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Pennsylvania Turnpike Commission; Joint Criteria; Toll Roads Bridges" Feb 20, 2025. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Pennsylvania-Turnpike-Commission-Joint-Criteria-Toll-Roads-Bridges-3326710>
  
APA:
S&P Global Ratings’ Credit Research. (). Pennsylvania Turnpike Commission; Joint Criteria; Toll Roads Bridges Feb 20, 2025. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Pennsylvania-Turnpike-Commission-Joint-Criteria-Toll-Roads-Bridges-3326710>
  
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