KBRA Releases Rating Report Downgrading Pennsylvania Turnpike Commission Oil Franchise Tax Senior Revenue Bonds and Subordinated Revenue Bonds

On August 13, 2025, KBRA downgraded the long-term rating to AA-, from AA, for the Pennsylvania Turnpike Commission's outstanding Oil Franchise Tax Senior Revenue Bonds and assigned a long-term rating of AA- to the Commission's Oil Franchise Tax Senior Revenue Bonds, Series A of 2025.

KBRA additionally downgraded the long-term rating to A+, from AA-, for the Commission's outstanding Oil Franchised Tax Subordinated Revenue Bonds and assigned a long-term rating of A+ to the Commission's Oil Franchise Tax Subordinated Revenue Bonds, Series B of 2025.

The rating Outlook was revised to Stable, from Negative, for each obligation.

To access ratings and relevant documents, click here.

Click here to view the report.