News
14 May 2025

Fitch cites "not previously reported" expenses in Brightline Florida downgrade

In:
Transport
Region:
Americas

Fitch Ratings has downgraded the operating company debt on the Brightline Florida passenger rail project to BB+ from BBB-, saying that the project has experienced weak demand and higher expenses. In particular, Fitch pointed to "a number of unanticipated expenses that were not previously...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Perspective
28 November 2025

What TxDOT’s SH288 buy-back means for US road P3s

Texas terminated the small but lucrative SH288 concession and has refinanced it with state-backed bonds. The saga shows that sponsors need to be alert to being surprised on...

Perspective
28 November 2025

Sizewell C: Adapting RAB to new nuclear

New nuclear’s construction risk and development timelines have made it difficult to bank – until now. The RAB revenue model means that Sizewell C’s funding package includes an...