Two Florida Bridges Most Affected By Hurricane Dennis Are Under Scrutiny - S&P Global Ratings’ Credit Research

Two Florida Bridges Most Affected By Hurricane Dennis Are Under Scrutiny

Two Florida Bridges Most Affected By Hurricane Dennis Are Under Scrutiny - S&P Global Ratings’ Credit Research
Two Florida Bridges Most Affected By Hurricane Dennis Are Under Scrutiny
Published Jul 11, 2005
Published Jul 11, 2005
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Abstract:

NEW YORK (Standard&Poor's) July 11, 2005-- Standard&Poor's Ratings Services said today it would monitor traffic and revenue associated with two Florida bridges most affected by Hurricane Dennis, which struck on Sunday near Pensacola. Reports have stated that Dennis came ashore as a Category 3 hurricane on Santa Rosa Island Sunday afternoon, with winds up to 120 mph and storm surges higher than 10 feet. During previous hurricane events, traffic and revenue (T&R) are negatively affected due to mandated toll suspension, and subsequent damage to the region and roadway network. However, the state will reimburse the bridge operators for all, or a portion of lost toll revenues. In addition, there has generally been a recovery in T&R

  
Report Type:

News

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Sector
Global Issuers, Public Finance
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Region
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MLA:
S&P Global Ratings’ Credit Research. "Two Florida Bridges Most Affected By Hurricane Dennis Are Under Scrutiny" Jul 11, 2005. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Two-Florida-Bridges-Most-Affected-By-Hurricane-Dennis-Are-Under-Scrutiny-450777>
  
APA:
S&P Global Ratings’ Credit Research. (). Two Florida Bridges Most Affected By Hurricane Dennis Are Under Scrutiny Jul 11, 2005. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Two-Florida-Bridges-Most-Affected-By-Hurricane-Dennis-Are-Under-Scrutiny-450777>
  
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