fitch-ratings
Fitch Ratings has affirmed the following ratings for Alameda Corridor Transportation Authority, CA (ACTA):
--$796 million senior revenue bonds series 1999A, 1999C, 2013A at 'A';
--$746 million subordinate revenue bonds series 2004A and 2004B at 'BBB+'.
The Rating Outlook on all bonds is Stable. ACTA also has $83.7 million in unrated series 2012 bonds, which are on parity with the rated senior revenue bonds.
The rating reflects a vital rail corridor that handles nearly ...
[+]
The recent economic slowdown in China could have negative implications for container ABS transactions, Fitch Ratings says. Container utilization and lease rates in outstanding transactions could come under pressure if China's manufacturing sector continues to decline and the country enters a long-term recessionary environment with slowed GDP growth.
Earlier this week, ...
[+]
