NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns a long-term rating of AA- with a
Stable Outlook and short-term rating of K1+ to the Pennsylvania Turnpike
Commission Variable Rate Turnpike Revenue Bonds Second Series of 2019
(“the Bonds”).
| Issuer: Pennsylvania Turnpike Commission | ||||
| Assigned | Rating | Outlook | ||
|
Variable Rate Turnpike Revenue Bonds Second Series of 2019 |
AA-/K1+ |
Stable
(Long-Term Rating) |
||
The Bonds will be issued as variable rate demand obligations with credit
and liquidity support provided by an irrevocable Direct Pay Letter of
Credit (DPLC) issued by TD Bank, N.A. (“the Bank”), a subsidiary of The
Toronto-Dominion Bank. (NYSE: TD).
The ratings are based on an analysis of the structural and legal
protections of the transaction and KBRA’s long-term and short-term
rating of the Bank, assigned on May 21, 2019. The following rating
methodologies were used:
To view the full report, click here.
Related Publications: (available at www.kbra.com)
CONNECT WITH KBRA
Twitter
LinkedIn
Download
the iOS App
YouTube
About KBRA and KBRA Europe
KBRA is a full-service credit rating agency registered with the U.S.
Securities and Exchange Commission as an NRSRO. In addition, KBRA is
designated as a designated rating organization by the Ontario Securities
Commission for issuers of asset-backed securities to file a short form
prospectus or shelf prospectus. KBRA is also recognized by the National
Association of Insurance Commissioners as a Credit Rating Provider and
is a certified Credit Rating Agency (CRA) by the European Securities and
Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is
registered with ESMA as a CRA.
Contacts
Analytical:
Linda Vanderperre,
Senior Director
(646) 731-2482
lvanderperre@kbra.com
Joe Scott, Managing Director
(646) 731-2438
jscott@kbra.com
Andrew Lin, Director
(646) 731-2483
alin@kbra.com
Peter Scherer, Associate
(646) 731-2325
pscherer@kbra.com
Translational Data Inform a Scalable, Noninvasive Test Designed to Identify Treatment-Eligible Patients and Enable Longitudinal…
NEW YORK CITY, NY / ACCESS Newswire / May 3, 2026 / The global demand…
SUNNY ISLES BEACH, FL / ACCESS Newswire / May 2, 2026 / Elektros Inc. (OTC:ELEK),…
Milestone has launched Project : Tsavkisi, a residential land-plot development situated on a hillside in…
VANCOUVER, BC / ACCESS Newswire / May 2, 2026 / Global Education Communities Corp. ("GECC"…
BANGKOK, TH / ACCESS Newswire / May 2, 2026 / Chom Bueng District, Ratchaburi Province,…
