N.H.'s Turnpike System Receives Improved Grade

Thu March 14, 2019 - Northeast Edition #6
New Hampshire Department of Transportation

New Hampshire Department of Transportation rating for long-term revenue bonds has been upgraded to AA- from A+ from a key ratings agency that will allow for more favorable borrowing rates and measurable savings.

The latest rating increase from S&P Global Ratings is the result of NH Turnpike System's "very strong enterprise risk and financial risk profiles." According to the S&P report, the increased rating is due to "very strong management and governance with management's conservative approach to financial and capital planning and track record of achieving financial and operational goals."

Following major capital improvements on the New Hampshire Turnpike System, the system had approximately $379.6 million in outstanding bonds as of June 30, 2018.

Today's top stories

Arkansas Embarks On Biggest-Ever Highway Construction Program

Kubota Introduces Tech-Forward, 5-Ton Tight Tail U48 Excavator

VIDEO: Increase Efficiency With Versatile Trimble GuidEx Guidance System for Virtually Any Machine Type

InSite Software Prepares Students for Real-Life Construction

ASV Continues to Grow With 21 New Dealer Locations

Firm to Submit Application for $595M Hydrogen Hub in Delta

Bangerter Highway Closes for New Construction

Oak Hills Constructors Gives U.S. 89 Facelift


ceg-logo ceg-logo ceg-logo ceg-logo ceg-logo