Fitch Ratings recently upgraded the debt of Illinois’ Regional Transportation Authority to AA as part of its review of tax-supported debt enterprises with an increased focus on operating risk and other factors.

The action affects $1.9 billion of general obligation bonds. The outlook remains negative, reflecting “the continuing financial pressure both on operations and capital spending due to the delinquent state payments and the state’s persistent financial challenges,” Fitch wrote.

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.