Fitch Ratings “has upgraded the rating on Elizabeth River Crossing’s . . . $626.3 million in private activity bonds (PABs), issued by the Virginia Small Business Financing Authority, to ‘BBB’ from ‘BBB-‘. In addition, Fitch has upgraded the rating on the $441.2 million TIFIA loan to ‘BBB’ from ‘BBB-‘. The Rating Outlook for both the PABs and TIFIA loan is Stable.”
