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Fitch Affirms Orange County Transportation Authority, CA's 91 Express Lanes at 'A-'; Outlook Stable

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SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings has affirmed Orange County Transportation Authority, California's (OCTA) 'A-' rating on $119.5 million of (91 Express Lanes) senior lien revenue refunding bonds, series 2013. The Rating Outlook is Stable. The 'A-' rating reflects the Express Lane's long operating history, solid long-term prospects for continued traffic growth, strong debt service coverage and liquidity, very low leverage, and no current plans for further debt issuances. These streng

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