DelDOT Credit Ratings Remain Strong Despite Slow Economy by
Dover — The Department of Transportation (DelDOT) announces a successful Delaware Transportation Authority bond sale, providing $ 111 million in proceeds to fund capital projects, which affirmed the importance of the excellent bond ratings from Standard & Poor’s and Moody’s. The credit-conscious municipal market is rewarding high-grade issuers with lower interest rates. The Transportation System Senior Revenue Bonds, 2009 Series A were issued to provide funds for DelDOT’s capital transportation program. [More]