Wednesday, February 4, 2015

Fitch Upgrades Texas Transportation Commission's Existing Debt; Removes Positive Watch

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has upgraded Texas Transportation Commission (TTC), Central Texas Turnpike System's (CTTS) $1.009 billion of existing first tier debt to 'A-' from 'BBB+'. The rating has been removed from Rating Watch Positive and assigned a Stable Outlook. Concurrent with the series 2015 closing, Fitch affirmed the 'A-' and 'BBB' ratings on $451 million first tier series ...

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