Credit Rating Report

I-77 Mobility Partners LLC: Rating Report

Infrastructure

Summary

DBRS Limited (DBRS) confirmed the Issuer Rating of I-77 Mobility Partners LLC (ProjectCo) at BBB with a Stable Trend. DBRS also confirmed the BBB ratings and Stable trends of the $100.0 million Private Activity Bonds (PABs) and $189.0 million TIFIA Loan issued by ProjectCo under the Transportation Infrastructure Finance and Innovation Act (TIFIA), which fund the design and construction of the I-77 managed lanes (ML) project (the Project) in North Carolina under a 53.6-year Comprehensive Agreement (CA) with the North Carolina Department of Transportation (NCDOT). Despite construction delays, the ratings remain supported by the Design-Build (DB) security package, the substantial time left in the schedule before the Longstop Dates and the projected financial metrics that remain essentially unchanged.

Available Documents

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