After receiving rating upgrades from Standard & Poor’s, the Maine Turnpike Authority is set for its negotiated sale on Monday of $68.8 million of Series 2012A turnpike revenue bonds and $70 million of Series 2012B revenue refunding bonds.

Last week, Standard & Poor’s upgraded the MTA’s senior-lien bonds to AA-minus from A-plus and special obligation bonds outstanding to A from BBB-plus. The revenue bonds for sale on Monday received an AA-minus rating and a stable outlook.

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.