Buying bonds to fix up Maryland toll roads, bridges and tunnels is apparently a safe investment.
That's according to
Fitch Ratings Ltd., which assigned a AA- rating to the Maryland Transportation Authority's series 2010 transportation facilities projects revenue refunding bonds.
The bonds are secured by the net revenues of three bridges and three toll roads and two tunnels. Fitch assigns a AA rating to investments that have a very low default risk. "They indicate
very strong capacity for payment of financial commitments," Fitch states.
You can read more about the bonds here in the Kansas City Star.