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Fitch Affirms Pennsylvania Turnpike Registration Fee Revs at 'AA-'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms the 'AA-' rating on the Pennsylvania Turnpike Commission's (PTC, or the commission) $402.47 million outstanding registration fee revenue refunding bonds, series 2005 A-D. The Rating Outlook is Stable. SECURITY The bonds are secured solely by an annual allocation of the first $28 million of Act 3 revenues (vehicle registration revenues), payable each fiscal year to the PTC. KEY RATING DRIVERS STRONG COVERAGE FROM AVAILABLE REVENUES: The 'AA-' rati

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