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Tampa-Hillsborough Expressway Authority gets credit ratings boost, praise for “conservative approach”

in The Bay and the 'Burg/Top Headlines by

The Tampa-Hillsborough Expressway Authority’s financial outlook got a little brighter Tuesday after a major bond credit rating agency boosted its rating. Moody’s Investors Service bumped the expressway authorities credit rating from A3 to A2 and said it expects the authority’s “conservative approach to undertaking additional projects and debt” to keep it stable. “The upgrade to A2 reflects significant increases in traffic and revenues, which have broadened THEA’s traffic base by over 20 percent and driven meaningful improvements in financial margins…

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