KBRA Releases Report Assigning Long-Term Ratings to Pennsylvania Turnpike Commission Turnpike Revenue and Subordinate Revenue Bonds

NEW YORK–(BUSINESS WIRE)–On October 15, 2019, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA- and Stable Outlook to the Pennsylvania Turnpike Commission Turnpike Revenue Refunding Bonds, Third Series of 2019 (Federally Taxable) and affirmed the long-term rating of AA- and Stable Outlook on outstanding Turnpike Revenue Bonds. KBRA additionally assigned a long-term rating of A+ and Stable Outlook to the Pennsylvania Turnpike Commission Turnpike Subordinate Revenue Refunding Bonds, First Series of 2019 (Federally Taxable) and affirmed the long-term rating of A+ and Stable Outlook on outstanding Turnpike Subordinate Revenue Bonds.

Issuer: Pennsylvania Turnpike Commission

Assigned

 

Rating

 

Outlook

Turnpike Revenue Refunding Bonds,

Third Series of 2019 (Federally Taxable)

 

AA-

 

Stable

Turnpike Subordinate Revenue Refunding Bonds, First Series of 2019 (Federally Taxable)

 

A+

 

Stable

 

 

 

 

 

Affirmed

 

Rating

 

Outlook

Turnpike Revenue Bonds

 

AA-

 

Stable

Turnpike Subordinate Revenue Bonds

 

A+

 

Stable

To access the report, click here.

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About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

Contacts

Analytical:


Linda Vanderperre, Senior Director

(646) 731-2482

lvanderperre@kbra.com

Peter Scherer, Associate

(646) 731-2325

pscherer@kbra.com

Business Development:


William Baneky, Managing Director

(646) 731-2409

bbaneky@kbra.com

James Kissane, Senior Director

(213) 806-0026

jkissane@kbra.com

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