Fitch Ratings has published a presale report on the Virginia Small Business Financing Authority's debt issuance on behalf of I-66 Express Mobility Partners, LLC. Fitch expects to assign a 'BBB' rating to the proposed debt described below:
  • $737 million senior private activity bonds (PABs);
  • $1.2 billion subordinate TIFIA Loan (TIFIA).
The bonds are expected to sell next month. Additional details are available in a press release published earlier this week ('Fitch Expects to Rate I-66 Express Mobility Partners' TIFIA Loan & PABs 'BBB(EXP)'; Outlook Stable').