Markets - Market News
Fitch: Ohio Turnpike's $1.5B New Debt Not Expected to Harm Bondholders
Friday, January 4, 2013
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Ohio Gov. John Kasich's plan to issue $1.45 billion in new bonds through the Ohio Turnpike Commission is not expected to negatively impact the quality of existing OTC debt, Fitch Ratings said.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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