Fitch Rates Subordinated TIFIA Loan for TxDOT I-35E Managed Lanes Project

Fitch Ratings “has assigned an expected rating of ‘BBB’ to the estimated $285 million subordinated loan granted under the Transportation Infrastructure Finance and Innovation Act (TIFIA), entered into by the Texas Transportation Commission, the governing body of the Texas Department of Transportation (TxDOT). The Rating Outlook is Stable.” The loan is for construction of TxDOT’s I-35E Managed Lanes facility, which will stretch from the I-35 split in Denton south to I-635.