Octa's transportation blog

Annual Rating Agency Meetings Go Virtual

OCTA recently met with rating agencies and financial institutions as part of its active investor relations program.  

Each year, OCTA conducts a series of meetings in New York with several rating agencies and financial institutions to update them on the progress of OCTA’s programs and services to ensure that its credit ratings remain strong. This year, due to the COVID-19 pandemic, the meetings took place in June via conference calls. 

During the meetings, representatives discussed OCTA’s programs and services, focusing on the pandemic’s impact on OCTA’s operations, OC Go, also known as Measure M, sales tax revenues and the 91 Express Lanes toll revenues. OCTA also provided updates on Orange County’s economy, the agency’s fiscal year 2020-21 approved budget, the I-405 Improvement Project and OCTA’s debt profile. 

The meetings – with Moody’s, S&P Global, Fitch Ratings and Bank of America – were well-received, with interest and questions focused on the effects of COVID-19 and several of OCTA’s programs.

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