West Virginia Turnpike Commission Credit Rating

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Date	Document Type	Title	Source
24 Dec 2018	Sector Comment	Infrastructure & Project Finance - Canada: Ontario's rating downgrade to have limited credit impact on PPP transactions	Moody's Investors Service
14 Dec 2018	Outlook	Transportation infrastructure and project finance - Global: 2019 outlooks largely stable, helped by continued economic growth (Slides)	Moody's Investors Service
12 Dec 2018	Outlook	Public finance - US: 2019 Outlooks	Moody's Investors Service
03 Dec 2018	Outlook	Government-owned toll roads - US: 2019 outlook remains stable as traffic and revenue growth normalizes	Moody's Investors Service
07 Nov 2018	Sector Comment	State government - US: Approved ballot measures restrict states' fiscal flexibility, a credit negative	Moody's Investors Service
26 Oct 2018	Sector Comment	State and local government - Florida: Florida will weather Hurricane Michael costs with minimal financial effect, a credit positive	Moody's Investors Service
14 Sep 2018	Sector In-Depth	GRIs owned by regional and local governments - China: Declining support for RLG GRIs has had a credit impact for some issuers	Moody's Investors Service
10 Sep 2018	Sector In-Depth	Cross-Sector - Australia: Population growth drives need for new infrastructure investment	Moody's Investors Service
17 Jul 2018	Sector In-Depth	Government-owned toll roads - US: Large, established toll road systems are better positioned for the next recession	Moody's Investors Service
12 Jun 2018	Sector In-Depth	Cross-Sector - Colombia: Colombia's next president will face fiscal challenges even as growth accelerates	Moody's Investors Service
28 May 2018	Sector In-Depth	Infrastructure – India: Highway PPPs gaining momentum, supported by government initiatives	Moody's Investors Service
20 Apr 2018	Sector Comment	Infrastructure & Project Finance: Change in outlook for Province of Ontario has limited credit impact on PPP transactions	Moody's Investors Service
13 Dec 2017	Sector In-Depth	Toll Roads - China: Government policies support the credit profiles of government-owned toll road companies	Moody's Investors Service
12 Dec 2017	Outlook	Public finance - US: 2018 Outlooks (Slides)	Moody's Investors Service
29 Nov 2017	Outlook	Government-owned toll roads - US: 2018 outlook stable as growth in traffic and revenue eases	Moody's Investors Service
02 Oct 2017	Sector In-Depth	Public finance - Texas: Hurricane Harvey unlikely to impair credit quality of most affected issuers	Moody's Investors Service
11 Sep 2017	Sector Comment	Infrastructure and Project Finance – US: Hurricane Irma Disrupts Transportation Infrastructure	Moody's Investors Service
31 Aug 2017	Sector Comment	Infrastructure and Project Finance – US: Strong liquidity, cost recovery will limit Harvey’s impact on roads, ports and airports	Moody's Investors Service
29 Jun 2017	Sector In-Depth	Local government financing vehicles (LGFVs) - China: Policies limiting support are credit negative for LGFVs; contingent liabilities to persist	Moody's Investors Service
24 Apr 2017	Sector In-Depth	Infrastructure and Project Finance - US: Toll Roads a Likely Source of Funding for US Transportation Backlog	Moody's Investors Service
30 Nov 2016	Outlook	Toll Roads - US: 2017 Outlook – Strong Traffic and Revenue Growth Support Positive Outlook	Moody's Investors Service
19 Oct 2016	Sector In-Depth	Regional and Local Government-Related Issuers - China: Drivers Behind Rating Actions on RLG-Owned GRIs and Subsidiaries	Moody's Investors Service
09 Sep 2016	Sector In-Depth	Government Owned Toll Roads - US: Medians - Economic Rebound and Lower Gas Prices Drive 2015 Growth	Moody's Investors Service
29 Aug 2016	Sector Comment	Louisiana's Recent Floods Are Credit Negative for Local Governments, but Federal Aid Is a Powerful Mitigant	Moody's Investors Service
29 Apr 2016	Sector Comment	Strategies to Address Sea Level and Flooding a Credit Positive for Florida Local Governments	Moody's Investors Service
11 Apr 2016	Sector Comment	Missouri Local Tax Votes Are Credit Negative in Ferguson, but Positive Elsewhere	Moody's Investors Service
10 Mar 2016	Sector In-Depth	Public-Private Partnerships – US: US P3 Market Slowly Builds on Four Fronts	Moody's Investors Service
11 Feb 2016	Sector Comment	Tucson, AZ Region to Benefit from Delayed Retirement of A-10 Fighter Jet	Moody's Investors Service
18 Jan 2016	Sector Comment	Burgeoning Budget Imbalance Greets Louisiana's New Governor	Moody's Investors Service
11 Jan 2016	Sector Comment	Partial Pennsylvania Budget Is Credit Positive for Schools	Moody's Investors Service
11 Dec 2015	Outlook	US Public Finance: 2016 Outlook – Steady Economic Growth Supports Multi-Sector Stability (Presentation)	Moody's Investors Service
10 Dec 2015	Sector Comment	Kentucky Lowers Investment Return Assumption for Severely Underfunded Pension Plans, a Positive for the State	Moody's Investors Service
01 Dec 2015	Outlook	Toll Roads – US: 2016 Outlook — Jump in Traffic Growth Drives Change to Positive	Moody's Investors Service
24 Nov 2015	Sector Comment	US Mass Transit: Federal Funds for Hudson Tunnel Program to Benefit New York/New Jersey Regional Economy	Moody's Investors Service
28 Oct 2015	Sector Comment	Pennsylvania and Illinois State and Local Governments : Delayed State Budgets Hurt Local Governments in Pennsylvania More than in Illinois	Moody's Investors Service
06 Oct 2015	Special Comment	Credit Quality in Brazil: Economic, Political Stress Roil Issuers in Both Public and Private Sectors	Moody's Investors Service
31 Aug 2015	Special Comment	US Toll Road Medians Fiscal 2014: Traffic and Revenue Growth Support Improved Metrics	Moody's Investors Service
03 Aug 2015	Special Comment	US Public Finance Rating Revisions: Downgrades in Q2 2015 Exceed Upgrades in Number and Dollar Value	Moody's Investors Service
16 Jul 2015	Sector Comment	IBM's Investment in New York's Hudson Valley Is Modestly Credit Positive for the Region	Moody's Investors Service
11 May 2015	Sector Comment	Maryland Transportation Authority's Toll Cuts Are Credit Negative	Moody's Investors Service
11 May 2015	Special Comment	Non-Financial Corporates and Infrastructure – India: Credit Conditions to Strengthen with Growth Recovery and Reform Agenda	Moody's Investors Service
30 Apr 2015	Sector Comment	Baltimore, MD - Local Governments: Credit Impact of Civil Unrest in Baltimore - Only Time Will Tell	Moody's Investors Service
28 Apr 2015	Special Comment	US Seaports and Local Government: Panama Canal Expansion: West Coast Ports Maintain Advantage, While East Coast Municipalities Benefit from Jobs	Moody's Investors Service
20 Apr 2015	Sector Comment	Limited Federal Disaster Aid Is Credit Negative for Massachusetts Local Governments	Moody's Investors Service
15 Apr 2015	Sector Comment	French toll roads: New deal for French toll road operators reduces uncertainty but sets precedent of political intervention	Moody's Investors Service
13 Apr 2015	Special Comment	EMEA Infrastructure: European Airport Traffic To Outpace Toll Roads, But Growth To Slow In 2015	Moody's Investors Service
13 Apr 2015	Sector Comment	Massachusetts Proposes Financial Control Board and Debt Takeover for Struggling Transportation Authority	Moody's Investors Service
09 Apr 2015	Sector Comment	New York Budget Is Credit Positive for the State and Its School Districts	Moody's Investors Service
06 Apr 2015	Sector Comment	US Seaports: US West Coast Ports Face Negative Credit Pressure from Canada’s Prince Rupert	Moody's Investors Service
03 Apr 2015	Sector Comment	Kentucky Legislature Intervenes to Prevent Gas Tax Decrease, a Credit Positive for Road Fund Bonds	Moody's Investors Service

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