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Fitch Affirms Maine Municipal Bond Bank's Transcap Revs at 'AA-'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms the Maine Municipal Bond Bank's (the bond bank) $197.8 million transportation infrastructure revenue bonds (TransCap Program) at 'AA-'. The Rating Outlook is Stable. SECURITY The bonds are limited obligations of the bond bank, payable from various motor vehicle fees and excise taxes, including portions of excise taxes on gasoline, motor vehicle registration fees, and amounts appropriated to the highway fund. KEY RATING DRIVERS CONSUMPTION-BASED R

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