Massachusetts next week plans its first-ever bond sale from the Commonwealth Transportation Fund, a new credit that grabbed triple-A ratings last week from Moody’s Investors Service and Standard & Poor’s.

The state’s CTF credit carries higher ratings than the commonwealth, which Standard & Poor’s and Fitch Ratings rate AA and AA-plus, respectively. Moody’s rates the state Aa1.

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.