News Column

Fitch: 2014 U.S. Transportation Outlook Stable at Mid-Year

July 21, 2014



NEW YORK--(BUSINESS WIRE)-- U.S. transportation maintains a stable outlook as it hits the midpoint in 2014 on constant conditions across U.S. transportation sectors and favorable bond markets, according to a new Fitch Ratings report.

'Despite a difficult winter, U.S. transportation is holding steady at mid-year. That said, positive sector movement is unlikely, though credit-by-credit adjustments may be necessary,' said Seth Lehman, Senior Director.

Airports are stable and seeing slow growth. Traffic is expected to strengthen through the remainder of the year with international traffic leading the way.

Fitch expects flat to modest improvements in port throughput and revenue stability. Macroeconomic trends continue to affect trade, though overall performance remains mixed, with East Coast ports registering comparatively robust growth.

For tollroad driving trends at the national level, aggregate vehicle miles traveled may have turned the corner after five to six years of stagnation, according to Federal Highway Authority data.

For more information, a special report titled '2014 Mid-Year Outlook: US Transportation Infrastructure' is available on the Fitch Ratings web site at www.fitchratings.com.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: 2014 Midyear Outlook: U.S. Transportation Infrastructure

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=752455

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.



Fitch Ratings

Seth Lehman

Senior Director

+1-212-908-0755

Fitch Ratings, Inc.

33 Whitehall Street

New York, NY 10004

or

Media Relations:

Elizabeth Fogerty, +1-212-908-0526 (New York)

elizabeth.fogerty@fitchratings.com


Source: Fitch Ratings


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