Moody’s Investors Service “assigns a Baa2 to the Chesapeake Bay Bridge and Tunnel District’s . . . expected $353.985 million Series 2016 first tier general resolution revenue bonds and the $352.426 million (not to exceed $355 million) subordinate Transportation Infrastructure and Innovation Act (TIFIA) loan. . . . The rating outlook is stable.” Moody’s notes that the bond and loan proceeds will help fund CBBTD’s construction of the Parallel Thimble Shoal Tunnel.
