PITTSBURGH TRIBUNE-REVIEW: A ratings agency changed the outlook for the Pennsylvania Turnpike Commission from “stable” to “negative” because of concerns about toll hikes and the commission being forced to shoulder more of the state’s transportation burdens.
“The negative outlook on the bonds reflects the possibility that larger than currently forecast toll rate increases will be necessary to maintain sound financial operations” and cover debt payments, Moody’s wrote in an Oct. 18 report.
“The outlook also incorporates the possibility that the turnpike could be tapped to pay for more of the state’s growing unfunded infrastructure needs.” … (more)
