Summary: Ohio Turnpike&Infrastructure Commission; Toll Roads Bridges

S&P Global Ratings has affirmed its 'AA-' long-term rating on the Ohio Turnpike&Infrastructure Commission's (OTIC) $462 million of senior revenue bonds outstanding. At the same time, S&P Global Ratings affirmed its 'A+' rating on OTIC's $1.5 billion of junior-lien revenue bonds outstanding, using its "U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises" (TIE) criteria (published March 12, 2018, on RatingsDirect). The outlook is stable. The ratings on OTIC reflect our opinion of the turnpike's very strong enterprise risk profile and strong financial risk profile. The rating also reflects a positive holistic adjustment to accurately reflect the overall creditworthiness of OTIC, as a mature and large statewide system with over 100 million transactions, which has exhibited resilient demand characteristics through

...S&P Global Ratings has affirmed its '##-' long-term rating on the Ohio Turnpike & Infrastructure Commission's (OTIC) $462 million of senior revenue bonds outstanding. At the same time, S&P Global Ratings affirmed its 'A+' rating on OTIC's $1.5 billion of junior-lien revenue bonds outstanding, using its "U.S. And Canadian Not-For-Profit Transportation Infrastructure Enterprises" (TIE) criteria (published March 12, 2018, on RatingsDirect). The outlook is stable. The ratings on OTIC reflect our opinion of the turnpike's very strong enterprise risk profile and strong financial risk profile. The rating also reflects a positive holistic adjustment to accurately reflect the overall creditworthiness of OTIC, as a mature and large statewide system with over 100 million transactions, which has exhibited resilient demand characteristics through different economic conditions and frequent toll rate increases as a result of the Ohio Turnpike's role as an important east-west link for commercial and passenger...

Summary