The Point: Upgrade to Commission’s debt outlook a result of the 91 Express Lanes exceeding performance metrics
Fitch Ratings, a prominent New York-based credit ratings agency, has upgraded the debt outlook for the Riverside County Transportation Commission (RCTC) from Stable to Positive. This upgrade demonstrates RCTC’s impressive financial performance and highlights the potential for a higher debt rating in the near future.
This upgrade is a response to the robust traffic and revenue levels on the 91 Express Lanes, indicating a strong demand for this vital transportation corridor. During the November announcement, Fitch also reaffirmed its existing ratings for RCTC’s 91 toll revenue bonds.
This upgrade signals confidence in RCTC’s fiscal health and management, suggesting that continued effective operational strategies could lead to further improvements in RCTC’s credit rating. A positive outlook benefits our community and fosters ongoing investments in infrastructure that enhance mobility and connectivity for Riverside County residents.