Moody’s Downgrades Florida’s Turnpike Revenue Bonds to Aa3
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Wednesday, September 23, 2009 |
BRADENTON, Fla. — Moody’s Investors Service late Monday downgraded the Florida Department of Transportation’s turnpike revenue bond rating to Aa3 from Aa2, citing rapid declines in traffic and revenue along the 460 miles of established toll roads operated by the Turnpike Enterprise system.
