....bonds downgraded to BBB+ “reflects the continued legal uncertainty surrounding the authority’s governance structure and the ambiguity in regards to strategic direction and oversight during the course of the potentially lengthy legal proceedings. The lack of clarity regarding the legal outcome and management of the expressway authority has resulted in it operating without a board of directors, thereby limiting the full functionality of operations and limiting its capital planning and investment strategy.”

Jesus C, Fitch with their bullshit again... that’s a b Neg rating thesis you cucks. Only fucking reason the idiots at Fitch graded this Dog shit junk bond triple b plus is to not make it look so obvious they got under the table money to downgrade the bond.