Illinois Tollway Bonds Upgraded To AA Rating

DOWNERS GROVE – Fitch Ratings has upgraded the Illinois Tollway’s approximately $7.2 billion in outstanding senior revenue bonds from AA minus to AA, with a stable outlook. Fitch cited the Tollway’s $26.5 billion Driving Connections capital program, strong debt management and history of completing projects on time and within budget. Approved toll increases taking effect in 2027 are expected to strengthen the agency’s finances, while relying mainly on cash funding for projects will limit new borrowing. The program will guide investments through 2042 to rebuild roads and bridges, improve interchanges and reduce congestion across nearly 300 miles of tollways in Northern Illinois.

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