Fitch Updates Rating Criteria for Toll Roads, Bridges and Tunnels

NEW YORK--(BUSINESS WIRE)-- Fitch Updates Rating Criteria for Toll Roads, Bridges and Tunnels

Fitch Ratings-New York-11 August 2016: Fitch Ratings has updated its 'Rating Criteria for Toll Roads, Bridges and Tunnels'. The updated criteria replace the existing criteria published on Sept. 29, 2015 without substantially modifying Fitch's analytical approach. No changes to the ratings of existing transactions are anticipated as a result of the application of the updated criteria.

The report describes the analytical framework used by Fitch analysts when evaluating debt issued by toll road operators and authorities across the globe. The criteria apply to established toll road facilities with a long operating history, managed lane projects, as well as to greenfield projects currently under construction, and apply equally to all toll roads rated by Fitch regardless of ownership model.

The report should be read in conjunction with Fitch's report 'Rating Criteria for Infrastructure and Project Finance', published July 9, 2016, and expands on the current toll road rating methodology used by Fitch.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria

Rating Criteria for Infrastructure and Project Finance (pub. 08 Jul 2016)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=882594

Related Research

Rating Criteria for Toll Roads, Bridges and Tunnels

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=886038

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View source version on businesswire.com: http://www.businesswire.com/news/home/20160811005919/en/

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Source: Fitch Ratings

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