WASHINGTON - Fitch Ratings yesterday gave the U.S. toll road sector a negative outlook over the next three to five years, citing possible opposition to public and private attempts - including through public-private partnerships - to cash in on undervalued roads.

"Recent and proposed monetization transactions (public and private) could come under increasing public scrutiny in the medium term, potentially resulting in political interference, the need for unanticipated financial concessions, and, in a worst-case scenario, the unwinding of a transaction with negative implications for participating governments and possibly lenders and equity participants," the rating agency said in a report on global infrastructure and project finance.

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