KBRA Assigns Ratings to Pennsylvania Turnpike Commission Oil Franchise Tax Senior Revenue Bonds, Series A of 2026 (AA-) and Subordinated Revenue Bonds, Series B of 2026 (A+); Affirms Ratings for Parity Bonds
KBRA assigns a long-term rating of AA- to the Pennsylvania Turnpike Commission Oil Franchise Tax Senior Revenue Bonds, Series A of 2026 and a long-term rating of A+ to the Commission's Oil Franchise Tax Subordinated Revenue Bonds, Series B of 2026. KBRA additionally affirms the long-term rating of AA- for the Commission's outstanding Oil Franchise Tax Senior Revenue Bonds and A+ for the Commission's outstanding Oil Franchise Tax Subordinated Revenue Bonds. The rating Outlook is Stable.
Key Credit Considerations
The rating actions reflect the following key credit considerations:
Credit Positives
