NW Parkway Bonds Take Another Dive

In case you missed it, the Northwest Parkway’s bonds were downgraded again last week. The Northwest Parkway has about $420 million in outstanding bonds, and Fitch Ratings downgraded these bonds to CCC+ (from BB-) with a “negative” rating outlook. As Fitch Ratings explains it, a CCC rating “means that default is a real possibility and capacity for meeting financial commitments is solely reliant upon sustained, favorable business or economic conditions.”

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