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Fitch Affirms CFX’s Sr Revenue Bonds ‘A+’ Rating and TIFIA Loan ‘A’ Rating

  • September 11, 2019

Orlando, FL – The Central Florida Expressway Authority’s (CFX) credit rating on their senior revenue bonds has been affirmed at ‘A+’ by Fitch Ratings. The ratings agency also affirmed an ‘A’ rating on CFX’s federal Transportation Infrastructure Finance and Innovation Act (TIFIA) loan concluding that the Rating Outlook on all ratings is Stable. The Fitch Ratings report stated CFX’s roadway system is “a critical component of the Orlando area’s transportation network” as the key rating driver. This is supported by the agency’s proven track record of delivering capital improvements, such as the completion of CFX sections of the Wekiva Parkway and other beneficial capacity projects. Fitch also cited the agency’s historical operating and financial performance along with the manageable $2.5 billion Five-Year Work Plan that serves to enhance the essentiality of the CFX system.

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