Fitch: Transurban unaffected

Fitch Ratings said that Transurban Finance Co.'s (A-/stable) rating will not be affected by Transurban Group's downward revisions to traffic expectations for the Pocahontas Parkway 895 toll road in Virginia, USA.

These reduced forecasts are likely to impair the ability of Pocahontas 895 to service the bank and Transportation Infrastructure Finance and Innovation Act loans used to fund the road's development. These loans were provided on a ring-fenced project finance basis whereby Transurban is not liable for the debt, Fitch said.

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