The Central Florida Expressway Authority’s (CFX) credit rating on their senior lien bonds has been upgraded to “A1” rating by Moody’s Investors Service. The ratings agency also upgraded CFX’s junior lien obligations to “A2”.
Moody’s cited a long history of stable financial performance, steady growth in traffic and a strong, growing service area as reasons for the rating in its report. “This upgraded credit rating shows the strength of our organization and our commitment to fiscal responsibility. Keeping our customer first focus as a guiding principle, our team continues to do a tremendous job in making smart investments allowing CFX to invest prudently back into our community.” said Jay Madara, CFX Treasurer and CFO for Golf Channel. “It also shows that the region’s economy continues to strengthen, thanks in large part to the region’s pro-growth business environment.”