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S&P Global Rates CFX’s 2019 A and B Senior Revenue Bonds ‘A+’

  • November 18, 2019

(Orlando, FL) ̶ S&P Global Ratings (S&P) has assigned an ‘A+’ rating to the Central Florida Expressway Authority’s (CFX) 2019 A and B senior-lien revenue bonds. The ratings agency also affirmed an ‘A+’ rating on CFX’s senior-lien revenue bonds outstanding.

S&P commented that the ‘A+’ rating on the 2019 A and B bonds and a stable outlook is attributed to CFX’s: (1) strong market position as a regional infrastructure provider, (2) favorable regional economic activity with above-average expected population growth and, (3) very strong management and governance with a history of meeting or exceeding operational and financial goals.

The 2019 A bonds will be applied to finance the cost of purchasing and acquiring the Poinciana Parkway from Osceola County, Florida while the 2019 B bonds will help fund the capital work plan.

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