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Summary: Mid-Bay Bridge Authority, Florida; Toll Roads Bridges

Published Jan 13, 2011

1952 words — Published Jan 13, 2011

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Abstract:

Standard&Poor's Ratings Services has revised its outlook on Mid-Bay Bridge Authority (MBBA or the authority), Fla.'s senior-lien revenue bonds outstanding to stable from negative. At the same time, Standard&Poor's has assigned its 'BBB-' rating to the authority's pro forma $145 million series 2011A springing lien revenue bonds and its pro forma $70 million series 2011B springing lien revenue refunding bonds, which it is issuing to fund the capital plan (series A) and refund certain bonds outstanding (series B). Standard&Poor's also affirmed its 'BBB+' rating on MBBA's senior-lien bonds outstanding. The revision reflects our view of the clarification of the authority's capital plan that includes a debt level that we believe is manageable, coupled with

Brief Excerpt:

RESEARCH Summary: Mid-Bay Bridge Authority, Florida; Toll Roads Bridges Publication date: 13-Jan-2011 Primary Credit Analyst: Adam Torres, New York (1) 212-438-2481; adam_torres@standardandpoors.com Secondary Credit Analyst: Joseph...

Report Type:

Summary

Issuer

Mid Bay Br Auth

Sector

Public Finance

Country

United States

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Mid-Bay Bridge Authority, Florida; Toll Roads Bridges" Jan 13, 2011. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Mid-Bay-Bridge-Authority-Florida-Toll-Roads-Bridges-843109>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Mid-Bay Bridge Authority, Florida; Toll Roads Bridges Jan 13, 2011. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Mid-Bay-Bridge-Authority-Florida-Toll-Roads-Bridges-843109>

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