March 24, 2021 - Fitch Ratings has assigned a 'BBB' rating to the Kentucky Public Transportation Infrastructure Authority (KPTIA) approximately $185 million first tier toll revenue refunding bonds Series 2021A and has upgraded the ratings to ‘BBB’ from ‘BBB-‘ for both the KPTIA outstanding $336 million first tier toll revenue bonds and $446 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan. The Rating Outlook to all obligations are revised to Positive from Stable.
March 30, 2021 - Moody's Investors Service has assigned a ‘Baa2’ rating to the Kentucky Public Transportation Infrastructure Authority (KPTIA) $185 million First Tier Toll Revenue Refunding Bonds, Series 2021A (Downtown Crossing Project). At the same time, Moody's has upgraded the ratings to ‘Baa2’ from ‘Baa3’ for both the KPTIA outstanding $365 million first tier revenue bonds and $452 million third lien TIFIA loan. The outlook has been revised to stable from positive.
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