Moody's: Delaware River and Bay Authority's Credit Rating Remains SteadyLast Edited:
Delaware River and Bay Authority (DRBA) officials announced Thursday, November 29th, that Moody’s Investor Service reaffirmed the Authority’s credit rating of A-1 with a stable outlook.
In Moody’s credit review, the firm recognized the DRBA’s judicious fiscal management, comfortable debt service coverage ratios, and the expected maintenance of satisfactory liquidity levels.
The stable outlook on the Authority also takes into account the agency’s reliance on its primary asset, the Delaware Memorial Bridge.
The report touched on the DRBA's proposal to increase the bridge toll rates to fund infrastructure improvements, saying that the toll rates on the twin spans are lower than at competing facilities, and the Authority has a history of implementing toll increases in a timely manner.
To learn more, visit drba.net.
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