Infrastructure

Smooth sailing is seen for toll road credits in 2016, as positive performance trends are expected to continue in the new year, Fitch says.

The Illinois State Toll Highway Authority board signed off on a 2016 Budget that counts on $1.3 billion in revenues for maintenance, operations, debt service, and capital costs.

An agreement to return control of the LA/Ontario International Airport from Los Angeles to an Ontario-based local authority is a positive for the Los Angeles airport but negative to the Ontario airport's credit, Moody's Investors Service said.

The Minneapolis-St. Paul Metropolitan Airports Commission won an upgrade of its subordinate bond credit after a new review.

Texas Department of Transportation chief financial officer James Bass will move to executive director, a job he previously held on an interim basis.

After a multi-year battle, with Los Angeles, the Ontario, Calif. airport reverts to local control once the Ontario International Airport Authority receive approval from the Federal Aviation

All Aboard Florida says it remains on track to offer private passenger train service in 2017 even though it was unable to issue $1.75 billion of private activity bonds amid turmoil in the high-yield market.

New York MTA approves its $15 billion operating budget in a warmup act for another capital program battle with Albany.

North Carolina Gov. Pat McCrory wants local leaders to vote again in support of controversial P3 express lane project.

Illinois’ release of motor fuel tax, gambling, and emergency surcharge revenues to local governments is a positive credit move for municipalities, says Moody’s Investors Service.