91 Express Lanes Annual Report 2020-21

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BOND RATINGS

Straight A’s in Financial Performance: A Recurring Theme Despite the challenges of the pandemic, our bond ratings remain unchanged, thanks to OCTA’s long history of strong operating performance, demonstrated consistent revenue generating capability and solid long-term prospects for continued traffic growth. Fitch Ratings has reaffirmed their A+ ratings for the 91 Express Lanes, Moody’s Investors sustained their A1 ratings and there have been no changes to the Standard and Poor’s ratings of AA-. A history of conservative investments, proactive management, and forward-thinking improvements will allow the 91 Express Lanes to continue offering the dependable, predictable, safe travel alternative that customers have relied on since 2003.

A+ Fitch A1 Moody’s Investors AA- Standard and Poor’s

91 EXPRESS LANES 2020-21 ANNUAL REPORT

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