Ohio Gov. John Kasich's plan to issue $1.45 billion in new bonds through the Ohio Turnpike Commission (OTC) to fund transportation projects in Northern Ohio is not expected to negatively impact the quality of existing OTC debt, according to a Fitch Ratings report.

"While the proposed bonds' credit quality will likely differ from the AA rating on the outstanding debt, Fitch views the plan as conservative, providing the turnpike with a fair amount of flexibility in the future," said Reed Singer, Director in Fitch's Global Infrastructure Group.

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.