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Fitch Affirms Toll Road Investors Partnership II's Revs at 'BB+'; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BB+' rating for Toll Road Investors Partnership II (TRIP II) Dulles Greenway project's approximately $1 billion in outstanding revenue bonds series 1999 and 2005. The Rating Outlook is Stable. The rating reflects TRIP II's relatively high leverage and back-loaded debt structure extending to 2056, combined with expected thin coverage and dependence on future toll increases despite already above-average toll rates. Revenue risk is partiall

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