Post A Reply
my profile
|
directory
login
|
register
|
search
|
faq
|
forum home
»
RAILforum
»
Passenger Trains
»
Amtrak
»
All Aboard Florida Happenings
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by Gilbert B Norman: [QB] http://www.miamitodaynews.com/2017/12/05/brightline-rail-service-bonds-get-noninvestment-grade/ Fair Use: [i][list] [*]The startup luxury Brightline rail service that is now expected to link Miami with West Palm Beach by the end of March 2018 has received a [b][i]non-investment grade[/b][/i] rating on about $600 million in revenue bonds that are to be issued by the Florida Development Finance Corp. on behalf of the line’s owners. Fitch Ratings, which was hired by owner All Aboard Florida-Operations to rate the bonds, last week initially rated the bonds BB-, contingent on the final pricing of the bonds. Fitch said the bonds’ relatively low grade “reflects Brightline’s standing as a new-market, US luxury rail project that exhibits uncertain demand and revenue generation potential.” The service also pointed to the uncertain nature of the market’s “willingness to pay” for the luxury rail as opposed to use of passenger cars.[/i] [/list] I think we should note that, first, you'll never catch me with any of those bonds in MY portfolio (I took "a little bathing" with a Lehman Brothers that was AA when I bought it, but we all know how that turned out), and secondly, if an issue of $600M doesn't have the "seal of approval" from a rating agency, good luck floating the $1.2B needed to go."all the way". [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Home Page
Powered by
Infopop Corporation
UBB.classic™ 6.7.2
Copyright © 2007-2016
TrainWeb, Inc.
Top of Page
|
TrainWeb
|
About Us
|
Advertise With Us
|
Contact Us