Fitch Ratings last week downgraded $41.1 million of transportation improvement bonds issued by the Butler County Transportation Improvement District, Ohio, to A from AA-minus. The outlook is negative.

The bonds, issued in 2007, are payable from revenue generated from three tax-increment financing districts located near a new highway interchange in Butler County, which includes Cincinnati.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.