The Central Florida Expressway Authority’s (CFX) credit rating on their senior lien bonds has been upgraded to “A+” rating by Fitch Ratings. The ratings agency also upgraded CFX’s junior lien obligations to “A”.
In the Fitch report, Fitch cited CFX’s “continued strong operating and financial performance” as well as maintaining “its facilities to a high standard, with robust historical financial performance” as leading factors for the rating upgrade.
Fitch also stated that CFX’s roadway system is a critical component of Central Florida’s transportation network. Adding that the agency has a “proven track record” of successfully delivering capital improvements like its recently completed Wekiva Parkway sections and several major capacity improvement projects.