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FITCH AFFIRMS CFX’s ‘A+’ RATING AND STABLE RATING OUTLOOK

Fitch Ratings affirmed their ‘A+’ rating for Central Florida Expressway Authority’s (CFX) senior revenue bonds with a stable Rating Outlook.

In their September 15, 2022 announcement, Fitch Ratings also affirmed the ‘A’ rating on CFX’s subordinated federal Transportation Infrastructure Finance and Innovation ACT (TIFIA) loan.

Fitch said the positive ratings reflect “the essentiality of the CFX system to commuters and visitors in the Orlando area.”

In their report, the ratings agency also stated that CFX has “maintained its facilities to a high standard, with robust historical financial performance.” And that “CFX’s roadway system operates in a strong reference market and serves as a critical component to the Orlando area transportation network, supporting a largely commuter traffic base.”

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