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Fitch: Ohio Plan for New Turnpike Bonds Won't Hurt Bondholders

JAN 4, 2013 3:55pm ET

Ohio Gov. John Kasich's proposal to issue $1.5 billion of bonds against future toll revenue from the Ohio Turnpike won't hurt bondholders of existing turnpike debt, though the new bonds may not be as highly rated as the current AA debt, Fitch Ratings said in a report Friday.

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