NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB+' rating on the Grand Parkway Transportation Corporation (GPTC), Texas' $200 million first-tier Grand Parkway System toll revenue bonds as well as its $841 million second-tier Grand Parkway System toll revenue Transportation Infrastructure Finance and Innovation Act (TIFIA) loan. The Outlook for both is Stable. The TIFIA loan is expected to be drawn upon by December 2016 to refund existing subordinate-tier toll revenue bonds used to
Reported by Business Wire 43 minutes ago.
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