Research Update: Purple Line Transit Partners LLC's Proposed $1.2 Billion Debt Is Rated Preliminary 'BBB+'; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Purple Line Transit Partners LLC's Proposed $1.2 Billion Debt Is Rated Preliminary 'BBB+'; Outlook Stable

Research Update: Purple Line Transit Partners LLC's Proposed $1.2 Billion Debt Is Rated Preliminary 'BBB+'; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Purple Line Transit Partners LLC's Proposed $1.2 Billion Debt Is Rated Preliminary 'BBB+'; Outlook Stable
Published May 31, 2016
11 pages (4675 words) — Published May 31, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

U.S. light rail transit public private partnership Purple Line Transit Partners LLC (PLTP) will finance, develop, design, build, equip, supply light rail vehicles for, operate, and maintain the Purple Line Light Rail Project under an approximately 36-year availability-based concession agreement with the Maryland Dept. of Transportation and the Maryland Transit Administration. PLTP will use senior notes and a Transportation Infrastructure Finance and Innovation Act loan together with progress/milestone payments and equity contributions to fund the construction of a 16.2 mile, 21-station east-west light rail transit system in the suburbs of southern Maryland adjacent to the District of Columbia. We are assigning our preliminary 'BBB+' issue rating to the proposed senior notes and TIFIA loan. The stable outlook reflects a reasonable

  
Brief Excerpt:

...U.S. light rail transit public private partnership Purple Line Transit Partners LLC (PLTP) will finance, develop, design, build, equip, supply light rail vehicles for, operate, and maintain the Purple Line Light Rail Project under an approximately 36-year availability-based concession agreement with the Maryland Dept. of Transportation and the Maryland Transit Administration. PLTP will use senior notes and a Transportation Infrastructure Finance and Innovation Act loan together with progress/milestone payments and equity contributions to fund the construction of a 16.2 mile, 21-station east-west light rail transit system in the suburbs of southern Maryland adjacent to the District of Columbia....

  
Report Type:

Research Update

Issuer
Maryland Econ Dev Corp
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Purple Line Transit Partners LLC's Proposed $1.2 Billion Debt Is Rated Preliminary 'BBB+'; Outlook Stable" May 31, 2016. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Purple-Line-Transit-Partners-LLC-s-Proposed-1-2-Billion-Debt-Is-Rated-Preliminary-BBB-Outlook-Stable-1646631>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Purple Line Transit Partners LLC's Proposed $1.2 Billion Debt Is Rated Preliminary 'BBB+'; Outlook Stable May 31, 2016. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Purple-Line-Transit-Partners-LLC-s-Proposed-1-2-Billion-Debt-Is-Rated-Preliminary-BBB-Outlook-Stable-1646631>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.