I-77 Mobility Partners LLC: Rating Report
On June 28, 2023, DBRS Limited (DBRS Morningstar) changed the trends on I-77 Mobility Partners LLC’s (ProjectCo) Issuer Rating, $100.0 million Private Activity Bonds, and $189.0 million TIFIA Loan to Positive from Stable and confirmed all the ratings at BBB. The TIFIA Loan was borrowed under the Transportation Infrastructure Finance and Innovation Act (TIFIA), which ProjectCo used to fund the design and construction of the I-77 managed lanes project in North Carolina under a 50-year Comprehensive Agreement with the North Carolina Department of Transportation (NCDOT).
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