Fitch Assigns and Affirms Ratings on PA Turnpike Bonds

Fitch Ratings “has assigned an ‘AA-‘ rating to the Pennsylvania Turnpike Commission’s . . . $192,620,000 motor license fund (MLF)-enhanced turnpike subordinate special revenue bonds, first series of 2016. The bonds are expected to sell via negotiation during the week of September 19. Additionally, Fitch affirms the ‘AA-‘ rating on approximately $993 million in outstanding MLF-enhanced turnpike subordinate special revenue bonds.” Fitch says the rating outlook is “Stable.”