The Central Florida Expressway Authority’s (CFX) credit outlook has been upgraded from “stable” to “positive” by Moody’s Investors Service. The ratings agency also affirmed CFX’s A2 rating on outstanding revenue bonds.
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 outlook shows the strength of our organization and the great work of our team. We continue to strive to make smart investments for our customers and our community,” said CFX Chairman Welton Cadwell. “It also shows that the region’s economy is strong and getting stronger.”